Leases - part 3
Taught by James Griffiths · AI tutor support included
Subsequent measurement of lease assets and liabilities under IFRS 16 requires careful application of depreciation methods, amortised cost calculations, and precise double-entry bookkeeping. This lesson explores how to measure leased assets post-recognition, adjust lease liabilities over time, and handle the technical adjustments necessary for accurate financial reporting under lease accounting standards.
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In this lesson
- 0:00 Introduction to IFRS 16 Leases Part 2
- 1:01 Subsequent Measurement Overview
- 2:27 Depreciation of Leased Assets
- 3:45 Lease Liability Subsequent Measurement
- 6:12 Liability Split and Double Entry
About this lesson
Dive deep into the complexities of IFRS 16 Leases Part 2, focusing on subsequent measurement, exceptions, exemptions, and disclosure requirements. This video sheds light on the critical steps for measuring lease assets and liabilities after initial recognition, exploring depreciation methods, and how to adjust the lease liability over time. Learn the intricacies of handling leased assets as if they were owned, the impact of amortised cost on lease liabilities, and the essential double entries for accurate financial reporting. Perfect for accounting professionals seeking to master lease accounting standards, this video offers the essential knowledge to navigate the nuances of IFRS 16.
Duration: 8m
- Subsequent measurement of lease assets
- Depreciation of right-of-use assets
- Lease liability amortised cost
- Interest expense on lease liabilities
- Lease liability remeasurement adjustments
- Double-entry recording for leases
Transcript
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