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Hi Sir
In May 2020, IASB issued amendment of IFRS 16 Leases to tackle exactly the rent concessions provided to lessees as a response to the COVID-19 pandemics.
Will it be a part of exam testing in sep 2020?
Amendment to standard – no
Financial reporting issues arising from COVID – impairment, provisions etc – almost certainly
In detail syllabus guide line part 4 sub part a its mention that “discuss and apply re measurement of lease liability”. Does that refer to lease modification.?
Yes – there’s agood summary here if you are interested:
https://ifrscommunity.com/knowledge-base/ifrs-16-recognition-and-measurement-of-leases/
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