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Leases

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Leases

  • This topic has 3 replies, 2 voices, and was last updated 8 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • November 26, 2017 at 10:00 pm #418133
    vikulchik07
    Participant
    • Topics: 26
    • Replies: 12
    • ☆

    Hello!

    Could you help me with IFRS 16, please?
    Should we add direct attributable cost when we recognise Right of use @ SoFP?

    Thanks in advance!

    November 26, 2017 at 11:30 pm #418293
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23362
    • ☆☆☆☆☆

    Yes, directly attributable costs are added into the value of the right-of-use asset on initial recognition

    OK?

    November 27, 2017 at 8:57 am #418382
    vikulchik07
    Participant
    • Topics: 26
    • Replies: 12
    • ☆

    Ok!

    Thank you very much!

    And where directly attributable costs should not be added into the value? Financial instruments, Biological assets, Goodwill? that’s all?

    November 28, 2017 at 1:34 am #418508
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23362
    • ☆☆☆☆☆

    Look at the IASPLUS website on IFRS 16

    It includes other matters like intellectual property and leases for the exploration of oil and minerals

    OK?

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Leases’ is closed to new replies.

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