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Lease Accounting for Lessees | Overview | IFRS 16 [Video]

Lease Accounting for Lessees | Overview | IFRS 16

IFRS 16 requires lessees to capitalize all leases (with exceptions for short-term leases and leases of low-value assets). Capitalizing a lease means the lessee will:

(1) Recognize a right-of-use asset upon commencement of the lease
(2) Recognize a lease liability upon commencement of the lease
(3) Record depreciation expense throughout the lease
(4) Record interest expense throughout the lease

The depreciation expense pertains to the right-of-use asset, while the interest expense pertains to the lease liability. This will result in a front-loading of expenses during the lease, since interest expense will be higher in the early periods of the lease (since the lease liability will be higher in the early periods, and interest expense is calculated using the lease liability).

Note that the lessee’s interest expense could be different from the lessor’s interest revenue if the lessee’s lease liability differs from the lessor’s lease receivable.

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Resources for Accountants

Consideration of Illegal Acts [Video]

Have you ever considered the number of rules and regulations a company must adhere to as part of its business operations? Well, it’s a lot, which is why companies have legal counsel! But if you are an auditor, are you responsible for knowing the ins and outs of these various rules and regulations? Are you, as an auditor, required to perform procedures around these rules and regulations? What if somebody at your client purposely violates these rules and regulations – what do you do then? These are all great questions and are all covered in this CPE-eligible (0.5 CPE) eLearning course about the responsibilities of an auditor relating to laws and regulations in a financial statement audit, including what to do when noncompliance (i.e., an illegal act) is discovered. Check it out here: Coming Soon! Learn more about GAAP Dynamics: https://www.gaapdynamics.com/ Check out our other online courses on the GAAP Dynamics Learning Library: https://www.gaapdynamics.com/individu... Subscribe to GAAP Dynamics to see more videos like these!

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How to Successfully Start a Business from Scratch [Video]

Starting a business from scratch is a profound journey, one filled with excitement, challenges, and the promise of realizing your entrepreneurial dreams. It's an endeavor that demands a blend of creativity, resilience, and strategic thinking. While the path to success may not always be straightforward, there are essential steps and principles that can guide you through the process and increase your chances of building a thriving enterprise.

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Finance for Non-Finance Master Business Finance Without Prior Knowledge! [Video]

🚀 Looking to master business finance without any prior background? Whether you're a manager, entrepreneur, or professional aiming to make informed financial decisions, this course is your gateway to understanding finance with real-world applications!​ 🎓 Introducing WallStreetMojo’s Finance for Non-Finance Certification Course Bundle – Your comprehensive guide to grasping financial concepts, statements, and market dynamics in an easy-to-follow manner.​ ✅ 11+ hours of self-paced, expert-led video tutorials ✅ One-year unlimited access – Learn at your convenience! ✅ Hands-on Excel-based learning with practical case studies ✅ Master financial statements, valuation, and market dynamics ✅ Earn a globally recognized certification upon course completion ✅ Rated 4.8⭐ by thousands of satisfied learners!​ 🔹 What You'll Learn: 📌 Understand business finance in simple terms 📌 Analyze financial statements and ratios 📌 Grasp equity valuation and market dynamics 📌 Apply real-world scenarios to reinforce learning 📌 Gain proficiency in Excel for financial analysis​ 📜 Upon completion, you'll receive a professional certificate to enhance your resume and open doors to opportunities in management, entrepreneurship, and more.​ 💡 Join over 100,000 learners who have transformed their understanding of finance with WallStreetMojo. It's your turn to gain a competitive edge in the business world!​ 🎯 Start your journey to mastering business finance today – Click below to enroll now! 👇​ 🔗 https://www.wallstreetmojo.com/finance-for-non-finance/finance-for-non-finance-certification-course-bundle/ 📢 Subscribe for more practical finance training and career tips! 🔔 Turn on notifications to stay updated on the latest in finance education!

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Complete Guide to Options, Futures & Swaps! [Video]

🚀 Looking to master the world of derivatives and elevate your finance career? Whether you're a student, analyst, or professional aiming to deepen your understanding of financial instruments, this course is your gateway to becoming a derivatives expert!​ 🎓 Introducing WallStreetMojo’s Basic & Advanced Derivatives Bundle Course – Your comprehensive guide to understanding and applying derivatives in real-world scenarios, from foundational concepts to advanced strategies.​ ✅ 6+ hours of self-paced, expert-led video tutorials ✅ One-year unlimited access – Learn at your convenience! ✅ Hands-on Excel-based learning with downloadable templates ✅ Master forwards, futures, options, swaps, and risk management techniques ✅ Learn to evaluate derivative pricing using stochastic models ✅ Earn two globally recognized certifications upon course completion ✅ Rated 4.8⭐ by thousands of satisfied learners!​ 🔹 What You'll Learn: 📌 Differentiate between various derivative instruments 📌 Apply knowledge to real-world financial scenarios 📌 Implement hedging strategies to protect value 📌 Speculate and bet on future prices effectively 📌 Develop an analytical thought process for trading​ 📜 Upon completion, you'll receive two professional certificates to enhance your resume and open doors to opportunities in trading, risk management, portfolio management, and more.​ 💡 Join over 100,000 learners who have transformed their careers with WallStreetMojo. It's your turn to gain a competitive edge in the finance industry!​ 🎯 Start your journey to mastering derivatives today – Click below to enroll now! 👇​ 🔗 https://www.wallstreetmojo.com/derivatives/advanced-derivatives-certification-course-bundle/ 📢 Subscribe for more practical finance training and career tips! 🔔 Turn on notifications to stay updated on the latest in finance education!