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IFRS16 (Leases)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › IFRS16 (Leases)

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  • October 5, 2020 at 8:18 pm #587418
    kawunkral
    Participant
    • Topics: 1
    • Replies: 0
    • ☆

    According to IFRS16, how should i classify a lease for 10yrs of land from a private individual? and also how do I account for this lease in my company financial statements?

    October 11, 2020 at 8:19 am #588566
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7228
    • ☆☆☆☆☆

    Hi,

    How do you think that it would be accounted for under IFRS16? If you at least attempt to answer your query yourself then I’ll tell you if you are correct or not.

    Thanks

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