We have been working very hard since 2009 to facilitate in learning Read More. We can't keep up without your support. Donate.


+ Link For Assignments, GDBs & Online Quizzes Solution


+ Link For Past Papers, Solved MCQs, Short Notes & More

Discussion Question:

Why standard setters (i.e. International Accounting Standard Board IASB) felt need to standardize the lease agreements? Discuss your answer through proper rationale.

+ http://bit.ly/vucodes (Link for Assignments, GDBs & Online Quizzes Solution)

+ http://bit.ly/papersvu (Link for Past Papers, Solved MCQs, Short Notes & More)

+ Click Here to Search (Looking For something at vustudents.ning.com?)

+ Click Here To Join (Our facebook study Group)

Views: 622

Replies to This Discussion

Plz share the solution idea

Please Discuss here about this GDB.Thanks

Our main purpose here discussion not just Solution

We are here with you hands in hands to facilitate your learning and do not appreciate the idea of copying or replicating solutions. Read More>>

Discussed & be touched with this discussion. After discussion a perfect solution will come in a result at the end.



For Important Helping Material related to this subject (Solved MCQs, Short Notes, Solved past Papers, E-Books, FAQ,Short Questions Answers & more). You must view all the featured Discussion in this subject group.

For how you can view all the Featured discussions click on the Back to Subject Name Discussions link below the title of this Discussion & then under featured Discussion corner click on the view all link.

Or visit this link 

Click Here For Detail.


.•°How to Download past papers from study groups°•.


Please Click on the below link to see…

.... How to Find Your Subject Study Group & Join .... 


P.S:    Please always try to add the discussion in proper format title like “CS101 Assignment / GDB No 01 Solution & Discussion Due Date: ___________”

Student's Message:
The International Accounting Standard Board felt need to standardize the lease agreements because of the following reasons.


Before the New Lease standard IFRAS 16, the lessee did not recognizes the operating lease as an asset and liability in the balance sheet.
The IASB felt that all the lease agreements should be incorporated in the balance sheet from the date of inception for recognition of asset and liability.
The lease liability should be estimated according to the tenure of the lease.
Contigental lease payments should be included in estimation of lease liability and lease assets for transparent financial position of the organization..
Lessee must reassess the lease period after occurrence of noteworthy event which in under his control.
The lease assets should be depreciated on the straight line basis including both operating and financial lease.
The new change in IFRS will have an effect on EBITDA that will increase the profit.


© 2021   Created by + M.Tariq Malik.   Powered by

Promote Us  |  Report an Issue  |  Privacy Policy  |  Terms of Service