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How to Calculate the Right-of-use Asset | IFRS 16 [Video]

How to Calculate the Right-of-use Asset | IFRS 16

When the lessee capitalizes a lease, it doesn’t just record a liability; it also records a right-of-use asset. At the commencement of the lease, the right-of-use asset is calculated as follows:

Initial measurement of lease liability + lease prepayments + initial direct costs + costs to dismantle/remove the asset or restore the site – lease incentives received from the lessor = right-of-use asset

The right-of-use asset is then recorded on the lessee’s statement of financial position and depreciated over the lease term.

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Resources for Accountants

How to Start and Launch Your Own Company [Video]

Embarking on the journey of starting and launching your own company is akin to setting sail on uncharted waters. It's a thrilling adventure filled with endless possibilities, but it also demands meticulous planning, unwavering determination, and the ability to navigate through storms. Whether you're driven by a groundbreaking idea, a passion you're eager to share with the world, or the desire to carve your own path in the business world, the process of entrepreneurship is both exhilarating and challenging. In this video, we'll delve into the intricacies of starting and launching your own company, offering detailed insights and practical advice to help you navigate every step of the way.

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Balance Sheet Basics Explained By A Controller [Video]

A detailed walkthrough the basics of the balance sheet including:1. The main Accounting Equation2. Current vs. non-current Assets & Liabilities 3. What is considered "Cash & Cash Equivalents"4. Deferred Revenue5. How to prepare the Balance SheetMy video on Connection Between The 3 Financial Statements: https://youtu.be/JgqUGROnFOUMy video on Accounting for Cryptocurrency: https://youtu.be/LrU9ThtRvFIMy video on How to analyze the Balance Sheet like a CFO: https://youtu.be/DMv9JC_K37YMy video on Revenue Recognition: https://youtu.be/CnlKAvu6qdIMy video on US GAAP: https://youtu.be/Yy2y_tfqKdcMy Best-Selling Products:Get My “Night Before the Accounting Interview Guide” including All Levels Q&A:https://thefincontroller.com/p/the-night-before-your-accounting-interview-guide-for-all-levels📈 Get $25 off MY ONLINE COURSE ON FINANCIAL METRICS (code: Save25)https://thefincontroller.com/p/learn-financial-metrics-kpis/?product_id=2659754&coupon_code=SAVE25&preview=logged_outMy Recommended Products (I will only share what I love ❤ here)⚪️ 🧠 Roger CPA Review Course (get 50% off): https://www.uworld.com/productreferral.aspx?ukey=8lzsxx2bT8qzYRxekeTKyWQ3d3d⚪️ 📚 Learning//SkillShare (get 2 weeks free): https://www.skillshare.com/r/profile/Bill-Hanna/7521537My Recommended Finance & Accounting Books 📚+🧠=💥⚪️ Auditing: https://amzn.to/361wJhZ⚪️ Forensic Accounting: https://amzn.to/2G6t9bo⚪️ Introduction to Finance: https://amzn.to/2ExgUEA⚪️ Introduction to Managerial Accounting: https://amzn.to/33SEyE4---------------------------------------------------------------------Hang Out with me on social media:📱https://www.tiktok.com/@thefinancialcontroller🙋🏼‍♂️https://www.facebook.com/groups/780732429036886/?source_id=101273467885666📸 https://www.instagram.com/the_financial_controller/DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!All views expressed on my channel are mine alone. Not intended as financial or professional advice

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How to Start and Fund Your Own Business [Video]

Embarking on the journey of starting and funding your own business is akin to setting sail on uncharted waters. It's a thrilling yet daunting endeavor that demands a blend of creativity, strategy, and financial acumen. In today's dynamic business landscape, where innovation and disruption reign supreme, the allure of entrepreneurship beckons individuals eager to carve their own path and leave a mark on the world. However, navigating the complexities of business ownership requires careful planning, unwavering commitment, and access to adequate funding. This guide aims to illuminate the path ahead, offering a roadmap for aspiring entrepreneurs to transform their vision into a tangible business reality.

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What are the different types of Hedge Accounting models? [Video]

Bob will help you "close the GAAP" on what the different types of hedge accounting models are and when to use them. Check out his quick video explanation here! If you are interested in learning more, explore our eLearning courses on our GAAP Dynamics Learning Library: ASC 815: Hedge Accounting (Course Collection): https://www.gaapdynamics.com/product/asc-815-hedge-accounting/ Financial Instruments: Hedge Accounting Under IFRS 9: https://www.gaapdynamics.com/product/financial-instruments-hedge-accounting-under-ifrs-9/#collection-cards