Description
Ind AS 116 is the most significant change to lease accounting in over 30 years. It specifies how an entity will recognise, measure, present and disclose leases. The standard provides a single lessee accounting model, requiring lessees to recognise assets and liabilities for all leases unless the lease term is 12 months or less or the underlying asset has a low value. This Standard substantially carries forward the lessor accounting guidelines in Ind AS 17, with the exception of the definition of a lease, initial direct costs and lessor disclosures. This 150+ page self-explanatory e-Book contains a comprehensive coverage of the current lease requirements and its impact on financial statements. Preview e-Book
Contains:
Thorough explanation of the application of the standard written in a clear and simple language
50+ practical examples illustrated with journal entries to show the effect of these reporting rules
7 case studies demonstrating the accounting treatment from both the lessor and lessee perspective
Includes the latest amendment relating to sale and leaseback transactions NEWLY ADDED
Ravindra Kalra (verified owner) –
I really recommend this book to all senior and junior accountants who would like to learn and apply this lease standard
Sagar Lakhani (verified owner) –
Knowledgable and useful
Dinesh Parekh (verified owner) –
it was a sheer joy in reading the ebook especially with the use of worked examples has been perfect
vaibhav –
dis is super well written study mat fr indas116 i learned lot more than i though i wud
Pramod Hirawat (verified owner) –
An important new standard illustrated in simple language with many examples..very helpful
gajendra sureka (verified owner) –
detailed and thorough! great learning material that is extremely informative and accurate. will buy video lecture for better understanding
Anmol Talwar (verified owner) –
A Big thanks to Authors. This book is worth of reading and value for money. Book is best and effective in understanding concepts of IND-AS 116
Jaydev Naskar (verified owner) –
good to see latest amendement has been added for benefit of user..pretty well explained with accounting impact!