How to Calculate the Lease Liability | Lessee | IFRS 16
Share your inquiries now with community members
Click Here
Sign up Now
Lessons List | 25
Lesson
Comments
Related Courses in Business
Course Description
IFRS 16 is an International Financial Reporting Standard promulgated by the International Accounting Standards Board providing guidance on accounting for leases. IFRS 16 was issued in January 2016 and is effective for most companies that report under IFRS since 1 January 2019.
IFRS 16 defines a lease term as the noncancellable period for which the lessee has the right to use an underlying asset including optional periods when an entity is reasonably certain to exercise an option to extend (or not to terminate) a lease.
IFRS 16 requires that the 'right of use asset' and the lease liability should initially be measured at the present value of the minimum lease payments. The discount rate used to determine present value should be the rate of interest implicit in the lease.
Trends
Learning English Speaking
MS Excel
Python programming language
Web Design for Beginners
Photo Editing
Communication Skills
English Language
Excel Course Basic to Advanced
Debugging Android Apps
Pin Diagram of Microprocessor 8086
Every Photoshop
Python in Hindi
Content Marketing
Java Console Applications
English Grammar for Beginners
Earn money with chatGPT
Addressing Modes in Microprocessor 8086
Data analytics in pharma industry
Make money with openAI GPTs
Minimum Mode of Microprocessor 8086
Recent
Making bridge lift working model 3d
Making rocket model diy at home
Electromagnetic crane working model
Volcano eruption working model making
Making Pollution model 3d
Making satellite communication working model
Solar energy model making using cardboard
Save earth project 3d model
Acid rain working model 3d making
Chemistry atomic structure model 3d
wind turbine or wind mill working model
Making circuits and parallel circuits model
Making innovative electricity generator model
Making dialysis working model
Making human kidney working model 3d
Solar lunar eclipse working mode
Making solar system working model with lights
Human blood circulatory working model 3D
Heart working model making
Human kidney working model 3d