International GAAP 2020

Chapter 23Leases

1. 1 INTRODUCTION
2. 2 OBJECTIVE AND SCOPE OF IFRS 16
   • 2.1 Objective of IFRS 16
   • 2.2 Scope of IFRS 16
   • 2.3 Recognition exemptions
   • 2.4 Definitions
3. 3 WHAT IS A LEASE?
   • 3.1 Determining whether an arrangement contains a lease
     • 3.1.1 Joint arrangements
     • 3.1.2 Identified asset
     • 3.1.3 Substantive substitution rights
     • 3.1.4 Right to obtain substantially all of the economic benefits from use of the identified asset
     • 3.1.5 Right to direct the use of the identified asset
       • 3.1.5.A How and for what purpose the asset is used
       • 3.1.5.B Relevant decisions about how and for what purpose the asset is used are predetermined
       • 3.1.5.C Specifying the output of an asset before the period of use
       • 3.1.5.D Protective rights
     • 3.1.6 Flowchart of the decision making process
     • 3.1.7 Reassessment of the contract
   • 3.2 Identifying and separating lease and non-lease components of a contract
     • 3.2.1 Identifying and separating lease components of a contract
     • 3.2.2 Identifying and separating lease from non-lease components of a contract
       • 3.2.2.A Lessee reimbursements
       • 3.2.2.B Practical expedient – lessees
     • 3.2.3 Determining and allocating the consideration in the contract – lessees
       • 3.2.3.A Determining the consideration in the contract
       • 3.2.3.B Allocating the consideration in the contract – lessees
     • 3.2.4 Determining and allocating the consideration in the contract – lessors
       • 3.2.4.A Determining the consideration in the contract
       • 3.2.4.B Allocating the consideration in the contract – lessors
   • 3.3 Contract combinations ...