Ind As 116 Leases - Revision | All Concepts + Questions | CA Final FR | Pratik Jagati
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- čas přidán 18. 09. 2023
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BIG Ind As Detailed Revision Videos covering both Concepts and Questions.
1.Financial Instruments (25m)
• Financial Instruments ...
2.Ind As 115 Revenue (16m)
• Ind As 115 Revision - ...
3.Ind As 103 Business Combination (16m)
• Ind As 103 Revision in...
4.Ind As 110 Consolidation
• Ind As 110 Revision | ...
Refer Below Notes while watching videos
4 Big Ind As Detailed Revision Notes
drive.google.com/drive/folder...
For my reference
Ajay QB May 24 :
1:01:32 - Q2
1:08:33 - Q4
1:54:13 - Q5
2:01:43 - Q6 Modification Increase
2:06:07 - Q8 Modification Decrease
2:13:43 - Q7
2:15:02 - Q9 - Imp
1:20:35 - Q11
2:30:08 - Q16 - Sale and lease back
3:18:59 - Q13 - Dealer
trust me bro, not only for your reference..!
5:12 Introduction
9:31 accounting in books of lessee in breif
12:48 accounting in books of lessor in breif
14:03 lessee accounting
21:45 determination of lease term
43:49 termination penalty
45:33 in substance lease payment
52:42 crux of lease payment
56:06 ROU asset value
1:01:19 illustration 28
1:08:36 illustration 31
1:20:35 illustration 32
1:33:19 break
1:39:00 discount rate calculation
1:48:10 lease denominated in foreign currency
2:01:45 illustration 34 modify of lease
2:06:28 illustration 35 modify of lease
2:13:48 illustration 36
2:16:58 illustration 37
2:30:13 sale and lease back illustration 45
2:45:18 break
2:46:44 lessor accounting
2:58:57 non-manufacturer accounting
3:06:27 manufacturer accounting
3:18:58 Illustration 38
3:26:12 sub lease
3:30:23 Illustration 46 (transitional Provision)
3:46:01 Theory
3:19:03 illustration 38
3:30:35 illustration 46
Thanks🙏🏻😇
2:58:57 non-manufacturer ac
3:6:27 manufacturer ac
3:18:58 Illustration 38
3:26:12 sub lease
3:30:23 Illus 46 (transitional Provision)
3:46:01 Theory
27:29 reassement of lease term qstn
Thanks a lot
Sir This world needs more people like you....Aap selfessly hamara bhala chahte ho...so much efforts you are putting for us Sir....BEST TEACHER EVR🥰
Agreed ❤
For my reference
Atul QB
1:01:32 - Q2
1:08:33 - Q4
1:20:35 - Q11
1:54:13 - Q5
2:01:43 - Q6 Modification Increase
2:06:07 - Q8 Modification Decrease
2:13:43 - Q7
2:15:02 - Q9 - Imp
2:30:08 - Q16 - Sale and lease back
3:18:59 - Q13 - Dealer
nice
Thankssaaa
Please do not mention some other faculty references in the comment section. It will not be professional behaviour.
Thank you so much
Note for 1st time Reader - Believe me He covered complete Ind As-116. Just revise it.
Thank you Sir dil se🙏
Timestamps for my reference:
5:12 Introduction
9:31 Accounting in books of lessee in brief
12:48 Accounting in books of lessor in brief
14:03 Lessee accounting
21:45 Determination of lease term
43:49 Termination penalty
45:33 In substance lease payment
52:42 Crux of lease payment
56:06 ROU asset value
1:01:19 Illustration 28
1:08:36 Illustration 31
1:20:35 Illustration 32
1:33:19 Break
1:39:00 Discount rate calculation
1:48:10 Lease denominated in foreign currency
2:01:45 Illustration 34 modify of lease
2:06:28 Illustration 35 modify of lease
2:13:48 Illustration 36
2:16:58 Illustration 37
2:30:13 Sale and lease back illustration 45
2:45:18 Break
2:46:44 Lessor accounting
3:18:58 Illustration 38
3:26:12 Sub-lease
3:30:32 Transition Approach
3:52:40 Miscellaneous theory points
1:01:19 Illustration 28
1:08:36 Illustration 31
1:20:35 Illustration 32
1:33:19 Break
1:39:00 Discount rate calculation
1:48:10 Lease denominated in foreign currency
2:01:45 Illustration 34 modify of lease
2:06:28 Illustration 35 modify of lease
2:13:48 Illustration 36
2:16:58 Illustration 37
2:30:13 Sale and lease back illustration 45
2:45:18 Break
2:46:44 Lessor accounting
3:18:58 Illustration 38
3:26:12 Sub-lease
3:30:32 Transition Approach
3:52:40 Miscellaneous theory points
Modification and Remeasurement concept learned so smoothly...which i never learned from any faculty for sure.
9:31 accounting in books of lessee in breif
12:48 accounting in books of lessor in breif
14:03 lessee accounting
21:45 determination of lease term
43:49 termination penalty
45:33 in substance lease payment
52:42 crux of lease payment
56:06 ROU asset value
1:01:19 illustration 28
1:08:36 illustration 31
1:20:35 illustration 32
1:33:19 break
1:39:00 discount rate calculation
1:48:10 lease denominated in foreign currency
2:01:45 illustration 34 modify of lease
2:06:28 illustration 35 modify of lease
2:13:48 illustration 36
2:16:58 illustration 37
2:30:13 sale and lease back illustration 45
2:45:18 break
2:46:44 lessor accounting
2:58:57 non-manufacturer accounting
3:06:27 manufacturer accounting
3:18:58 Illustration 38
3:26:12 sub lease
3:30:23 Illustration 46 (transitional Provision)
3:46:01 Theory
😢
I'm CMA final student n so much worried about my CFR but really really thank you sir . आप ना होते तो क्या होता 🥲 but now I can relax n happy after watching your lectures my concept were so clear . Thank you so much sir n hats off to your efforts and Hard work. Please sir one request share other ind as revisions too . Thank you once again ☺️
This revision lecture is more than expectation. You are a saviour for CA Students. Kam time mei FR ka itna acha revision koi ni karwa sakta other than you.
Thank you so much Sir❤.....ek dum simple bana Diya aapne IND AS 116 ko😊
Bhut bar khud se padha, or kayi revisions b dekha, but actually chizen ab full clarity hui.. Ab lga hai Ind As 116 samajh aaya, practice krne me mza aajaega sir..hats off to you🤩😍🥰
yes we need big 5 ind as marathon ...appreciate your efforts sir
Sir as per my understanding, those who dispel darkness of ignorance through knowledge light is Real Guru. You are the Real Guru Sir! Accept my humble obeisance.
Thank you so much sir for this wonderful revision of big indas❤❤❤
You're amazing person and always give motivation to us 😊 fight for the exam😊
Amazing revision video sir
Thank you so much 🙏🏻🙏🏻😊
I cleared my CA exam 1 year ago. I also watched pareek sir classes. And today for reference I'm watching his videos again. Just have faith on him ❤
Did you refer any youtube video for audit if yes then pls guide
Only self study, referred study material and annexures only.
I revised all 5 major IND AS from your videos only and now my concepts are extremely clear. Your revision videos are as detailed as full lectures. I am so grateful I found your videos now I am very confident in FR and have recommended you to all my friends and juniors as well. Thank you so much sir for putting in such great effort and providing it on youtube free of cost . I was worried about passing and now I am confident about getting an exemption in FR because of your detailed revision videos. I have watched revisions of all famous faculties before but nobody is making such in depth revisions containing important questions, and it is difficult to understand such big topics from 1-1.5 hour videos. You deserve much more recognition and views than you get!
LDR EASY - IF ANY ONE WANT TO ADD ANY POINT OR ANYTHING PLEASE COMMENT TO HELP OTHERS TOO.
1) 0-54:26 Basic
Imp- 45:00 In Substance Fixed Lease Payment
Crux- 52:50-54:26
2) 54:26-2:45:00
Imp-
1:04:00 When to use NEW Discount rate or OLD Rate_____ (Que 11 AIR 1) If CPI and Lease Term dono ka change hai then NEW RATE LENGE and NOT OLD RATE, If only CPI change then take OLD Rate ( Que 10 Me dekho 9.5% h liya hai to calculate new liability at old rate because keval CPI ka change hai) TO CALCULATE OLD LEASE LIABILITY KI VALUE
1:09:30 (LDR) Que 4
1:20:35 (LDR) Que 11
1:48:10 (LDR) Que 5 Lease denominated in foreign currency (15) JUST FOCUS ON EXCHANGE RATE TO BE TAKEN FOR CONVERSION AND AT LAST P&L CALCN.
2:1:45 (A) Que 5 - Modification - Decrease In Scope (EASY)
2:6:28 (A) Que 8 - Modification - Decrease and Increase in scope both - YAHA PAHLE DECREASE KA ACCNG KARENGE THEN INCREASE KA
2:16:58 (LDR) QUE 9 Modification - Decrease and Increase in scope both (Revise at 2:27:50)
3) 2:46:45- 3:52:00
2:30:13 (LDR) Que 16 Sale and leased back transaction
2:46:45 Lessor Accounting
2:58:48 Lessor Accounting- Finance Lease= Non Manf - Non Dealer or Manf - Dealer Accounting
3:19:00 (LDR) Que 13 Focus on JE and COGS and Revenue me UGRV ki PV vala (-) Hua Amt
3:31:48 (A) Que 43 PJ (265) Transition Approach-
Full Retrospective Approach
Modified Retrospective Approach
4) Onwards 3:52
Theoretical Part
Sir ap dil jeet lete ho❤❤
highly grateful to you!!!❤❤❤❤❤
For My reference.
1:48:10 lease denominated in foreign currency
2:50:32 Operating lease accounting
2:59:10 Non-Manufacturer dealer accounting
v5:12 Introduction
9:31 accounting in books of lessee in breif
12:48 accounting in books of lessor in breif
14:03 lessee accounting
21:45 determination of lease term
43:49 termination penalty
45:33 in substance lease payment
52:42 crux of lease payment
56:06 ROU asset value
1:01:19 illustration 28
1:08:36 illustration 31
1:20:35 illustration 32
1:33:19 break
1:39:00 discount rate calculation
1:48:10 lease denominated in foreign currency
2:01:45 illustration 34 modify of lease
2:06:28 illustration 35 modify of lease
2:13:48 illustration 36
2:16:58 illustration 37
2:30:13 sale and lease back illustration 45
2:45:18 break
2:46:44 lessor accounting
2:58:57 non-manufacturer accounting
3:06:27 manufacturer accounting
3:18:58 Illustration 38
3:26:12 sub lease
3:30:23 Illustration 46 (transitional Provision)
3:46:01 Theory
Thank you very much for the video sir.
I again started preparing for final after long time gap, I read the study material and felt that some clarity is needed.Your video gave me clarity.
thank you sir😍, apki is vedio ne bht confidence diya hai 116 me, and aap khud hi ek motivation ho sir, aapko dekhkr hi pdhne ka motivation aajata hai ki humare exam me agar ye itni mehnat kr rhe hai 10-10 hrs continously beth rhe hai to hum apne exams ke liye to itna kr hi skte hai. thank you so much for being there for us. You made us believe that no chapter is difficult.😊😊😊
Beyond our expectation🙏🙏🙏🙏
Sir aapne difficult topics ko ekdam aasan tarike me explain kiya hai.
Aap lecture dene ke dauran bhi inspire karte ho, aapko bhi thakaan lagti hai to bhi aap 100% efforts se hi padhate ho, isse bohot inspiration mila hai Sir, lecture bhi bina break liye khatam ho jata hai!
Jabhi thakti hu, aapka ek sentence yaad aata hai "apni pareshaniya yaad karo aur padhne lago"
Thank you very very much Sir!!
Thank you so much Sir for this Revision..😊
You r really the best Sir, able to understand concepts very clearly
sir you are doing an act of utmost charity for us ,thankyou sir
Beyond the expectations.........!!
awesome lecture h sir your effort sach m bhaut acha h , thanku sir
Thank you so much sir....
It is so helpful.
U r god for every student......
Yes understanding!
Thank you so much Sir 🙏
Pratik Sir apke liye dictionary ko update krne ki jarrorat h kyuki thanku is not enough for all of your efforts,, kbhi socha nhi tha ki FR itni easy ho skti h heartly thanku 🙏🙏🙏 and may God always bless u and your whole family 😊😊
Awesome..superb..thank you so much sir..✌️🙏
Thank you for this video❤❤❤.. please provide a short concept revision lecture for ind as 19.. question video is available but still there are some conceptual gaps..please provide..it'll be really helpful
Thank you So Much Sir
00:00 Revision of Ind AS 116 Leases
03:22 Revision of Ind AS 116 Leases
07:18 Lease accounting principles and concepts
09:15 Understanding present value and interest components
13:18 Understanding present value and discount rate
15:19 Understanding the liability and interest calculations in lease accounting.
19:06 Lease accounting concepts and journal entries
21:05 Lease commencement date determination
25:00 Understanding legally enforceable rights and obligations in lease agreements
26:57 Understanding termination and extension options in Ind AS 116 Leases
30:53 Interest and liability calculation in second air
32:53 Revising assessment and modification
37:07 Explanation of reassessment of purchase option
38:49 Explanation of non-cancelable period with an example
42:56 Understanding termination penalties in lease agreements
45:02 Understanding the concept of present value and future obligations in the context of termination penalties for lease payments.
48:59 Lease accounting entries are discussed with examples
50:52 Lease liability and bank entries explained
55:01 Leases accounting and its implications
56:51 Understanding the implications of lease payments and future obligations.
1:01:25 Lease accounting concepts and calculations explained
1:03:36 Revised discount rate is taken based on certain factors.
1:07:44 Lease payments are impacted by market factors
1:09:36 Lease terms and purchase options explained
1:14:49 Understanding the concept of interest and payment in lease accounting.
1:16:51 Lease term affects the lease liability value.
1:21:17 Lease rental payments and annual increase
1:23:58 Lease commencement dates and rental values explained.
1:29:12 Understanding adjustments and revised discount rate
1:31:02 Understanding the A list liability for lease accounting
1:39:49 Understanding the concept of borrowing rate and interest in leases
1:41:57 Lease accounting for initial direct costs and financial assets/liabilities
1:49:04 Using environmental discount rate for lease calculations
1:51:15 Lease liability calculation in dollar terms
1:55:26 Lease modification and extension explained
1:57:24 Scope and accounting implications of increase in size or term
2:02:29 Understanding accounting for lease modifications
2:04:26 Understanding the lease liability and its modifications
2:09:41 Modifications and reductions in lease liability calculations
2:12:48 Lease accounting involves calculating profit and loss, notification, motivation, and liability.
2:17:53 Calculation of present value and modifications in lease terms
2:20:54 Understanding lease liability reduction and discount rate impact.
2:27:21 Understanding changes in liability and how to account for it
2:30:07 Explaining lease transactions and its details
2:34:57 Understanding lease consideration and loan deduction.
2:37:07 Understanding lease installment and consideration
2:41:42 Recording of finance lease at present value
2:44:03 The video explains Ind AS 116 Leases and touches on ledger accounting.
2:48:46 Lease accounting follows specific recognition and measurement rules.
2:50:33 Accounting of leasing amount is done on straight line basis
2:54:23 Recovery of money and liabilities in lease accounting
2:56:30 Understanding the concept of advance payments and recovery in lease accounting
3:00:37 Understanding the expected residual value in lease accounting
3:03:21 Understanding the present value and net investment in direct receiver.
3:07:44 Lease accounting principles and inventory valuation
3:09:45 Understanding the treatment of net investment and cost of goods sold (COGS) in financial reporting.
3:14:42 Understanding ceiling profit and loss in financial assets and lien receivable.
3:16:26 Lease classification and considerations for exams
3:20:56 Lease payments are not confirmed and their present value fluctuates.
3:23:02 Discussion about net investment and interest payment.
3:26:38 Lease liability now recognized after sublisting
3:28:43 Accounting for leases according to Ind AS 116
3:33:23 Understanding of lease accounting and retrospective approach
3:35:25 Adjustment of previous and current year leases
3:40:38 Understanding retrospective approach in lease accounting
3:43:33 Understanding Ind AS 116 Leases and transition approach
3:55:05 Understanding control and economic benefits in asset management
3:57:00 Understanding control of assets and rights
4:01:06 Understanding the right to control and the concept of identified assets
4:03:14 Understanding the pipeline facility in lease accounting.
4:06:56 Substantial Substitution Rate and its consideration
4:09:10 Lease components and interrelation
Sir, aap video class me puchte ho smj me aaya ya ni, aapke is revision video ko dekhne k bad concept ese clear hote h ki ...qsn hi na bnta ki smj me na aaye kuch..u r super...thnk you lot.
Majja aagaya sir exam ke theek 3 din pehle dekh rha hu aap nhi hote kya hota dhanya hai sir hum aap jaisi faculty Milne ke lia ❤️❤️❤️
Sir Ind as 116 mein covid wale accounting ke provisions relevant hai kya abhi aane wale attempt mein?
Thank you so much sir, waiting for small ind as marathon
Thank you God bless you sir 🙏❤️
Todd Malik, ek dum jabardast Revision!!
4:01:00 samaj rahe hona 😂 was epic .... mindblowing lecture...words are not enough for that❤
OP !!!!!!
Watched Ind AS 116 first time, still got the conceptual clarity and confidence after watching this revision video sir.....Best...
😍
Sale & lease back:- illus. 45 an entity sells a building 2:30:33
2:31:00 (16) illus sale & lease back
2:58:57 non-manufacturer ac
3:6:27 manufacturer ac
3:18:58 illustration 38
3:26:12 sub lease
3:30:23 illus 46 (transition)
Very well explained sir... Hats off to u sir and ur your dedication
Wow thank u sir 🙏🏻🙏🏻🙏🏻🙏🏻
Case C modification(ill- 37) 1:26:00
1:48:00 Lease denominated in foreign currency
1:20:00 CPI + reassessment
Thank you sir
It's not revision, it's emotion ❤❤
In case of sale and lease back, while preparing repayment table what should be done to 3k as which is considered as loan. Repayment in lease will happen according to 119400.
Sir i don't know how to thank you fr yr selfless effforts.... This subject being an ocean is not easy to grasp at once lkin jaise aap ek ek ghada parha parha kr concepts clear krte ho its just helps us to cover the entire ocean 🌊.. Thankyou so much sir fr this.... I have always recommended fr ur lecturrs although i did not take them because i also took the renowned faculties classes and spent a lot but cant remember their teachings... U r our ray of light which gives us hope🥰 ❤
Thanks a lot sir❤❤❤
Thanks thanks thanks ❤
So much blessed to have you sir😊
bohot ache se solve karvae h questions.. thank u very much
This revision is just superb. All concepts are very clear & the whole Ind AS seems very easy now. All thanks to you sir. Have been following your videos for both FR & AFM.
Words can't express how much helpful it has been.
Thank you sir for all your efforts.
Great coverage in short thank you Sir..
Thank you so much sir 😊
24 hours ka class mae itna nahi samaj aaya jitna apka yeh ek video mae aay hai 🙏
Sir PLEASE if possible
1_1 video bna dijiye
CSR and integrated reporting ke questions ka please 😊❤
Aapka explain krne ka tarika best he so ek bar bhi dekh lenge to concept dimag me beth jayega
Please ❤sir ji
Baki sare ind as he hi apke aur uske liye we are So muchhhh Greatful and thankful to you sir
But please do this favour for Old course last attempt please sir🙏🙏🙏
Thank you very much sir ❤
2:25:00 LDR
S&lease back - 2:32:20
Operating lease eg -- 2:53:40
Unguranteer residual value - 3:05:48
Ill 38 : 3:16:46
Transition approach q - 3:30:57
i,ll always be your indebted for Well Grip in FR and SFM CA final
Thank you sir...
MASTERPIECE SIR ....
thank you....grateful
thank you so much sir.
Thank a lot sir 🙏🙏
Thanku so much sir ❤
Best ❤ gratitude❤
Thank you sir.
1:54:23 Difference in Remeasurement and Modifications in Lease
THANKYOU SIR
Sir Why after downloading vedio is blurry. How to fix this problem?
1) Crux- 52:50-54:24
2:30:13 (LDR) Que 16 Sale and leased back transaction
2:58:48 Lessor Accounting- Finance Lease= Non Manf - Non Dealer or Manf - Dealer Accounting
3:19:00 (LDR) Que 13 Focus on JE and COGS and Revenue me UGRV ki PV vala (-) Hua Amt
3:31:48 (A) Que 43 PJ (265) Transition Approach-
Full Retrospective Approach
Modified Retrospective Approach
4) Onwards 3:52:23
Theoretical Part
Sir, in illustration 32
1/1/04 ka rent to 100000 hi rahna chahiye na? CPI to 1/1/04 se 125 hua h pr rent to 31/12/03 ke CPI ke according hoga na
Nahi Aisa nahi hai actually Jo base CPI hai wo commencement ki date ka hi lenge kyuki tabse koi change nahi hai CPI me toh hum 31/12/03 ka bhi same manege aisa.
Thank You ❤
Thankyou so much sir
Thank you sirji
Thanku sooo much... 🙏🙏
Sir app regular batch me handwritten se note karvayege ?
Thanks sir.
Thank u so so so much sir❤
Awsome sir thanku so much sir
Thank u sir 🙏
Thank you so much King👑
You are doing a great Job Sir
Thanks
love you sirji❤
Can anyone please recall the different treatments of initial direct cost in case of lessor accounting???
Sir,great...great....
thankyou sir
Thankyou Sir from Nepal.
Dhanyavad!
Love from Kerala ❤
4:06:30 substantive substitution rights