This was such a helpful video. I have actually resorted to watching your videos than what I had been provided to me in my class (unnecessarily complicated). Thank you sir, this might even make my career.
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: farhatlectures.pathwright.com/library/ Connect with me: Instagram Account: instagram.com/farhatlectures/ Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures Twitter: twitter.com/farhatlectures Email: Mansour.farhat@gmail.com
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Excellent Mr Farahat, from a CPA. Kindly, it will be useful to include also in the example a bonus payment by the lessor and a disposal value at the end of the lease period. And to be more like real life , method to calculate the discount rate ,, implicit or incremental borrowing rate .. etc. Also under IFRS, also they use the term “Right of use asset”.
I might have those scenarios under my intermediate accounting. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com
My uni lecturer sucks. I am so happy to find you, I guess we'll be walking together for long. Can we find enough courses for IFRS just like GAAP here ?
with 8%, present valuse of the lease payment is $154,626. Please explain any one about the formula used to reach this figure. I know remaining is interest. Just want to understand the formula to reach $154,626
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You are most welcome. Please subscribe and share. If you want to access more resources, check my website: farhatlectures.com/ Connect with me: Instagram Account: instagram.com/farhatlectures/ Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures Twitter: twitter.com/farhatlectures Email: Mansour.farhat@gmail.com
Just a quick recap Farhat: TIme Stamp 14:37. For IFRS 16, Lessees will show the following in the Income Statement: Interest & depreciation expense. & In the BS, they will show "right-of-use" asset which is 154.626K, and a liability of the same amount - correct?
Maybe in the future. You are most welcome. Please subscribe and share. If you want to access more resources, check my website: farhatlectures.pathwright.com/library/ Connect with me: Instagram Account: instagram.com/farhatlectures/ Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures Twitter: twitter.com/farhatlectures Email: Mansour.farhat@gmail.com
All about leases here: ru-vid.com/group/PLxP0KZzCGFYPUR3GuCs5zkHfQg09VvmKb You are most welcome. Please subscribe and share. If you want to access more resources, check my website: farhatlectures.pathwright.com/library/ Connect with me: Instagram Account: instagram.com/farhatlectures/ Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures Twitter: twitter.com/farhatlectures Email: Mansour.farhat@gmail.com
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: farhatlectures.pathwright.com/library/ Connect with me: Instagram Account: instagram.com/farhatlectures/ Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures Twitter: twitter.com/farhatlectures Email: Mansour.farhat@gmail.com
If the lessee has not intention to to buy the asset at the end of the period of lease....like a building that, after 10 years of rent, he want it back to lessor........How to proceed at that moment....
Hi sir, Thank so much, I got confused!, How can I calculate the present value? Assume that Leasing a Car with this info: Cash Price $131,050 10% Advance Payment $13,105.00 Agreement 4 Years Monthly Payment $3,390.93 (Total installments $3,390.93 x 48 Months = $162,764.64 ) I hope it's clear, I want to know the ROU Asset Value?
To calculate the present value you can use the excel formula (PV) with the information you have above such as lease term, payment per year, interest rate.
Hi Anand, I don't believe I cover those topics. Please subscribe and share the channel on social media. Please connect with me: Instagram: instagram.com/farhatlectures/ LinkedIn: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures
