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Construction heavy equipments to be specific..

I just want to confirm if my understanding is correct. If you are the company that sells assets on installment then IFRS 16 applies to you and you account that as a finance lease. (https://ifrscommunity.com/knowledge-base/ifrs-16-lessor-accounting/#finance-leases-manufacturer-or-dealer-lessors) What...

Is there a defined order of priority in computing adjustments due to lease modifications? Especially if there are more than 1 changes in the scope of lease to take effect at the same time. I have this example as a reference: "Let’s assume that, after initial recognition set out in the previous ...

I was about to update my question. Thank you very much for the help as always!

Hello everyone, I would like to ask about the interest rates used to compute the lease liability: a. interest rate implicit in the lease b. lessee's incremental borrowing rate c. Consumer price index/benchmark index (for variable lease) How are these rates determined? and who determines them? Also, ...

Thank you for your answers!

Hi, I hope you can help me with my inquiry.

We have a client who is currently leasing out burial spaces in their memorial park, will this be covered by IFRS 16?

Thank you very much for your quick response as always. Super helpful

Hello everyone! I have the following questions about the lease of land: 1. If a Lessee leases a land, do they still depreciate the ROU even if the land is not a depreciable asset? 2. If a Lessee leases a land, then constructs a building, and then leases the building to others, is this considered sub...

Thank you very much! This is really helpful

Hi everyone, I've read a lot of articles about how LESSEEs should account for lease modifications in terms of adjusting its Lease Liability and Right of Use Assets. I was just wondering how do LESSORs account for lease modifications, esp. if the lease is Finance Lease. I hope you can enlighten me on...