IFRS 16 Leases summary - applies in 2024

https://www.cpdbox.com This video is a short summary of IFRS 16. If you need to learn more, please visit our website for great discussion with many practical advices on this standard. The contents: 00:00 Introduction 00:58 Objective of IFRS 16 01:14 Scope exclusions of IFRS 16 01:31 Optional exemptions 02:29 Does the contract contain the lease? 02:56 Accounting by the lessee: At the commencement 04:52 Accounting by the lessee: After the commencement 06:21 Accounting by the lessor: Classification of the lease 07:26 Accounting by the lessor: Finance lease 08:22 Accounting by the lessor: Operating lease 08:57 Sale & leaseback This is just the short executive summary of IFRS 16 and does NOT replace the full standard - you can see the full text on IFRS Foundation's website. ------ *Online IFRS course by Silvia, CPDbox: https://www.cpdbox.com/ifrs-kit/ *Subscribe to Silvia's free newsletter: https://www.cpdbox.com/ #IFRS #IFRS16 #ifrsaccounting