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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Lease

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by Kim Smith.
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    Posts
  • August 26, 2018 at 7:15 pm #469546
    zkaay
    Participant
    • Topics: 212
    • Replies: 98
    • ☆☆☆

    Hi sir,

    All lease are treated as finance leases but those for one year are expensed

    Is that relevant to our p7 september exam?

    It really confused me that not according to what i learned for june 18 sitting

    Thanks v much

    August 27, 2018 at 9:56 am #469622
    Kim Smith
    Keymaster
    • Topics: 135
    • Replies: 8312
    • ☆☆☆☆☆

    IFRS 16 was the examinable document for the exam year Sept 2017 – June 2018 for P2 – this has not changed. So I can only suggest that you studied with obsolete materials for June.

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