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IAS17 vs IFRS 16: Leases

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › IAS17 vs IFRS 16: Leases

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by AvatarMikeLittle.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • February 11, 2018 at 8:46 am #436351
    Avatarfredymaila
    Participant
    • Topics: 48
    • Replies: 129
    • ☆☆

    Hello sir,
    Is IAS 17 still examined and not IFRS 16?

    I am asking because it (IAS 17) is the one I see in the lectures.

    February 15, 2018 at 3:33 pm #437441
    AvatarMikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    Anon39, if you’re going to insist on getting involved, please DO NOT give out false answers

    Frederico, IAS 17 no longer exists so cannot be examine

    IFRS16 is examinable now as the document concerning the treatment of leases

    The lecture titled IAS 17 has not yet been re-recorded (but will be soon)

    However, the methods demonstrated in that lecture are still appropriate for the calculation of lease interest, lease current liabilities, lease long term liabilities and the correct recognition of forecast losses

    that’s why the lecture has not been removed – essentially the big difference is the title of the document (and the bases for the recognition of finance leases

    OK?

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  • The topic ‘IAS17 vs IFRS 16: Leases’ is closed to new replies.

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