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IFRS 16 Lease – Sales & leaseback e.g. no. 7

Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › IFRS 16 Lease – Sales & leaseback e.g. no. 7

  • This topic has 2 replies, 2 voices, and was last updated 6 years ago by sajidm.
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    Posts
  • September 4, 2018 at 4:58 pm #471365
    sajidm
    Member
    • Topics: 3
    • Replies: 2
    • ☆

    Dear Sir,

    I didn’t understand the entries as well as W1 and W2 calculation.

    of this part :ii) Performance obligations are satisfied.

    Example 7 – Sale and leaseback (1)

    Apple required funds to finance a new ambitious rebranding exercise. It’s only possible way of raising
    finance is through the sale and leaseback of its head office building for a period of 10 years. The lease
    payments of $1 million are to be made at the end of the lease period
    The current fair value of the building is $10 million and the carrying value is $8.4 million. The interest rate
    implicit in the lease is 5%.
    Advise Apple on how to account for the sale and leaseback in its financial statements if the office
    building were to be sold at the fair value of $10 million and:

    ii) Performance obligations are satisfied.

    September 5, 2018 at 10:18 am #471541
    jeromeb
    Member
    • Topics: 9
    • Replies: 65
    • ☆☆

    Hi,

    Here is the link to the lecture.

    https://www.youtube.com/watch?v=xyfGqkW81Pc

    Kind regards,

    Jerome

    September 5, 2018 at 3:15 pm #471606
    sajidm
    Member
    • Topics: 3
    • Replies: 2
    • ☆

    Thank you 🙂

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    Posts
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