Search found 2 matches
- 17 Jun 2020, 11:26
- Forum: IFRS-related topics
- Topic: IFRS 16 - Lessor Interest Income Recognition and Accrual
- Replies: 4
- Views: 1082
Re: IFRS 16 - Lessor Interest Income Recognition and Accrual
Simply put, you start recognizing interest from the date you recognized the net investment in lease. The only bearing the date and amount of rental amount has on interest is the amount on which interest is calculated. So to clarify, assuming that the start of the facility of the contract was the co...
- 17 Jun 2020, 01:51
- Forum: IFRS-related topics
- Topic: IFRS 16 - Lessor Interest Income Recognition and Accrual
- Replies: 4
- Views: 1082
IFRS 16 - Lessor Interest Income Recognition and Accrual
Hi All, I had this problem when studying the IFRS 16 Lease standard. Let's assume the following scenario. ABC Finance PLC is a listed company where the main focus of the company is to provide leases. Financial year end of the company falls on the 31st of March. Let's assume that they give out a leas...