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Posted: October 21st, 2020
Financing Assignment | Homework For You
1. Discussion questions Explain what is “off balance sheet financing”, why it is important to address this issue and how IAS17 Leases addresses this issue. (up to 150 words) Discuss the difference between operating and finance lease. Why is it important to distinguish between these two and what risk do they pose to users of accounts? What are the accounting treatments of finance and operating leases in financial accounts per IAS 17. (up to 200 words)
Discuss the requirements of IAS17 in relation to the principle of “substance over form” (up to 100 words) State the factors that indicate that a lease is a finance lease under IAS 17. (up to 100 words) Impact of IFRS 16 on financial statements and what does it address (up to 100 words) Q2: Chapter 15 – end of chapter questions (Maynard - Main Textbook): End of Chapter questions: 2 and 6 Q3: Additional Practice Questions available under Week 9 - Attempt them all 5 questions and provide a detailed suggested solution. Finance homework help
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