FAR Exam Mnemonic for Capital Leases 

I literally laughed out loud in my living room when this man started talking about twerking. Wonderful. We need more teachers like you in the world

Roger, your teaching style shows that you want us to learn rather than you just teach and done with it. You really want us to pass, your teaching enthusiasm shows your honest interest in teaching.

TT, BPO, 75 or 90. Thank you for the Earworm! Fantastic

This is the only person that is so excited about accounting, keep it up.

Lol. Your presentation is so exciting, I'm prevented from falling asleep or losing interest. Thanks Roger.

LOL good way of teaching. All teachers should watch this. TT, BPO, 75 or 90.....I remember them already hahha

Amazing Instructor. I was hooked right away.

Just came over from a post of yours on the AICPA's website. Looks like a great tool for review, keep up the enthusiasm sir!

omg... u r the better than best. whatever u teach, we get it right away. thankful

Lively. Not boring. And I'm learning. Thank you so much. Loving how u teach! :)

Thank you! This was so incredibly helpful. I have Becker and the book and lecture left me so confused going into the MCQs that I started searching for help online and found this video! I am going to watch all the other videos uploaded here to help me study for FAR!

I like you. I like your way of teaching.

I'll remember this for my exam on Tuesday. Thanks for the song haha !!

I like you so much sir how you to do lectures. I really understands.. ❤❤...

Many thanks, you have great way to teaching

Love this teacher style .. I wish I hadn't bought Becker .. really want to get roger :( !!

Very good teaching skills! Is there any way i could get hold of more teaching videos not present in the playlist? I’d be willing to pay, if the price is affordable for me :)

Hello Sir Roger, Is the principle for incremental borrowing rate and implicit rate applicable also to IFRS (IAS17 to be specific). It only state their that use implicit or ibr, whichever is practicaly determinable, but if both rates are known to lessee, use the implicit rate. In contrast to US Gaap, and as per your video uploaded, use the lowest rate known to lessee. By the way, I really like the way you deliver the subject, I am a Filipino CPA who admires teachers like you. I hope God will give you more strength to help more cpa aspirants, including cma as well. Thanks Sir. :)

Roger A++++++.thanks

Help! I'm in the real world, already a CPA, and the classroom NPV of MLP > 90% of FMV crumbles for me. Here's why... if you know the FMV, then you know the implicit rate because you can easily calculate it. Right? So, if you discount the payments using an implicit rate based on FMV, then the NPV of MLP will ALWAYS be 100% of fair market value!!! It will ALWAYS be a capital lease!!! Also, you are supposed to use the lower of the implicit rate and the incremental rate. Great! Is there a rule that says if the the implicit rate is negative, then you use the incremental rate. Because using the incremental rate in place of a negative implicit rate is the only scenario where NPV of MLP < 90% of FMV. Can someone show me an example that helps correct me if I'm wrong. I feel like a crazy person right now. Also, here's another mind blower that makes these rules implode, RENTAL rates are always HIGHER than principal and/plus interest rates so you would reach 90% of the FMV way faster in a true rental situation. If you rent a $500 lawnmower for a day for $50, in a 100 days you could purchased that outright. So, should I capitalize that lawnmower? No. There is a rule in ASPE (not US GAAP) that allows for operating lease if lease is under a year. In IFRS, every lease over 1 years is capitalized... period. No fancy math except finding the implicit rate. Comments?

Tt bpo 75 90~~

2020 you gotta add the #5 custom lease to the song 😂

Does still apply for the new lease standard?

Is there a video where you explain the sale leaseback leases?

Sir I need your lecture on Capital lease lessor's point of view please I have done lessee point of you from your lecture and cant understand lessor one without your lecture please

2019 lease update?

Where is part 2???