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All questions on IFRS 16 Leases which have appeared in ACCA DipIFR from June 2014 have been indexed here. The answers are based on the standards prevalent at the exam point in time. Questions prior to Dec 2017 have been ignored as they pertained to the old standard on leasing.
IFRS 16 requires that the lease liability should initially be measured at the present value of the lease payments that are not paid at the commencement date. The discount rate used to determine present value should be the rate of interest implicit in the lease.
The DipIFR exam has 4 x 25 marks questions. The successful candidate will be required to demonstrate knowledge of a range of IFRS standards and should practice questions to ensure they are able to articulate this knowledge while applying it to specific question scenarios.
Aug 19, 2024 · In this high-level overview of IFRS 16, we introduced the key differences for lessee accounting under IAS 17 and IFRS 16, provided an example of a lessee amortization schedule and the related journal entries, and discussed the required disclosures.
Nov 9, 2017 · This questionnaire is designed to assist you in assessing whether you are IFRS 16 ready. We have included ten key questions which you should consider to help evaluate whether you are on track for IFRS 16 compliance. These questions should also help you align expectations with other key stakeholders.
May 3, 2022 · Here is a checklist of the 8 most important IFRS 16 questions your organization need to answer when assessing the work that needs to be done. Read more.
1 IFRS 16 at a glance 1.1 Key facts This publication provides an overview of IFRS 16 and how it affects the financial statements of the lessee and the lessor. It includes examples and insights. The publication begins with an overview of the lessee and lessor accounting models, summarising the impact of IFRS 16 on their respective financial
