Sale and leaseback

This topic has 1 reply, 2 voices, and was last updated 5 years ago by Stephen Widberg.

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January 9, 2021 at 10:17 am #605349
osamasyed123
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- Topics: 51
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Sir there appears to be no lectures on sale and leaseback in IFRS16 topic should we leave it?
January 9, 2021 at 2:35 pm #605370
Stephen Widberg
Keymaster
- Topics: 17
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Don’t leave it! We haven’t got round to recording this yet.

Just focus on the first example where the sale is at FV

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Dr Right of use Asset x -learn how to calculate
Dr Cash x
Cr Liability x
Cr PPE x
Dr or Cr P&L – bal figure
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