IND AS 116 - LEASES IN 1 HOUR - CA FINAL FR - BY BHAVIK CHOKSHI

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  • Опубліковано 17 січ 2025

КОМЕНТАРІ • 224

  • @cabhavikchokshi
    @cabhavikchokshi  4 роки тому +78

    Board Notes: drive.google.com/drive/folders/19SQXDfK_OMTUIo0D-EuYhkohpMguZzBF

  • @laxmanambadi1060
    @laxmanambadi1060 3 роки тому +58

    INTRO: 0:39
    (I) WHAT IS LEASE?
    Lease Definition: 2:18
    Indentified asset: 2:56
    Right to control: 8:54
    (II) SEPARATION
    Separation: 12:07
    (III) KEY TERMS:
    Dates: 17:16
    Lease Payments: 24:00
    Discount Rate: 30:19
    (IV) LESSEE ACCOUNTING

  • @mehakjain2605
    @mehakjain2605 3 роки тому +74

    Scored 67 in FR and 60 in SFM and now watching it again for interviews. Thankyou so much sir
    Edit: got selected in interviews

  • @saloniahuja7953
    @saloniahuja7953 Рік тому +17

    Always read comments saying - now watching it as a CA and finally now I am watching it as. Chartered Accountant!

  • @adhipdongshanwar3887
    @adhipdongshanwar3887 3 роки тому +91

    Thank you so much Bhavik Sir 🙏🙏🙏
    I am a CA now .....cleared in Nov 2020 . I watched this lecture and all your lectures of FR and SFM during my preparation and got 66 in FR and 56 in SFM .
    Your One hour revisionary lectures on all IND AS were of great help .Everytime I would revise IND AS thorugh your revisionary videos.
    Though I didnt take your classes but your lectures on youtube were the only guidance and support for FR .
    I highly appreciate your way of "to the point teaching " and would suggest all my friends and juniors to follow you and learn from you.

  • @nikitabudhia5897
    @nikitabudhia5897 3 роки тому +59

    You are a massiah for the CA fraternity Sir. I still watch your videos after clearing CA too. Keep going us and keep spreading knowledge to fellow students like us .

  • @harshkumar2695
    @harshkumar2695 3 роки тому +25

    What I regret most as far as Ca final FR is concerned is not taking classes from you.
    Your revision lectures are very helpful.
    Now if anyone ask me of any faculty for FR I straight forward take your name.
    Thank you so much!!

  • @cadurgaprasad3804
    @cadurgaprasad3804 4 роки тому +82

    Separation 12:00
    Key terms 17:20
    Lease payments 23:58
    RECOGNITION EXEMPTIONS and Accng 31:40
    Initial recognition and sub 44:20
    Accounting books of lessor 45:30
    Special cases 51:15

  • @PixelPonyStudio
    @PixelPonyStudio 4 роки тому +90

    Hey Bhavik,
    I am too a CA. I have seen a lot of recorded videos on various accounting topics but got to say you have become my top 3 teaching faculty. Loved your vids on Indas 116 ( summary + detailed).
    Your way putting things in simplified manner is the best part.
    Keep up.
    Very happy to see such quality teaching content.

    • @N1ck279
      @N1ck279 3 роки тому

      Top 3 for FR or general ; who are other 2 ? Just curious !

    • @woawolf
      @woawolf 3 роки тому

      @@N1ck279 me

  • @saisenu3919
    @saisenu3919 4 роки тому +69

    who is that one dislike, definitely might be some engineering or doctor or other stream students who might have clicked to video due to lockdown bordom

  • @kanushikadhanuka9676
    @kanushikadhanuka9676 4 роки тому +5

    Key terms - 17:17
    Accounting - 31:51
    Manufacturer & dealer lessor - 49:08

  • @anushkas8462
    @anushkas8462 4 роки тому +9

    48:01 acc in finance lease
    52:51 sale n leaseback

  • @pavankulkarni3565
    @pavankulkarni3565 3 роки тому +3

    Right to control the use 00:08:56
    Separation of Lease & Non Lease Components 00:12:09
    Key Terms 00:17:19

  • @chetanaiyer3022
    @chetanaiyer3022 4 роки тому +6

    Most required video..!at the right time!
    Thanks a lot sir!!

  • @ManishKumar-gq2dy
    @ManishKumar-gq2dy 3 роки тому +2

    59:27 Lease modifications. 1:04:36 Remeasurement

  • @theroastingrangersshow4948
    @theroastingrangersshow4948 4 роки тому +55

    Thanks is a very small word for u sir!!

  • @vidhijain9366
    @vidhijain9366 4 роки тому +6

    Excellent teaching!! The way you have summarised the whole Ind As with perfect examples is amazing!!Thanks a lot sir🙌🙏

  • @vajitharafeeque9724
    @vajitharafeeque9724 Рік тому +4

    Watched it previously as a CA FINAL Student
    Now watching for my interview after qualified
    Your videos are lifesaver sir
    Keep moving..😃😃😃

  • @mayankagarwal4315
    @mayankagarwal4315 3 роки тому +2

    Thank you So much, Sir. I am now watching this lecture for Interview preparation as CA. Your lecture helps a lot got 63 in FR and 73 in SFM.

  • @nehatahaliani2517
    @nehatahaliani2517 3 роки тому +4

    Only a genius can summarize such a complex and big chapter in an hour. Thank you so much sir🙌

  • @tanvirustagi7892
    @tanvirustagi7892 4 роки тому +4

    Amazing revision! Thank you for saving a life! :)

  • @roshankumarpatro2104
    @roshankumarpatro2104 3 роки тому +3

    Preparing my interviews with the help of these❤️

  • @devikarathi3024
    @devikarathi3024 4 роки тому +2

    Thank you so much sir for u efforts all ❤️ from South Indian students 🙏😀

  • @MindED_Matters
    @MindED_Matters 4 роки тому +2

    Just the way I wanted it to be❤️

  • @mudrabuchasia1946
    @mudrabuchasia1946 4 роки тому +10

    Sir - A solution to all the difficult areas in the least time with complete conceptual clarity 👍

  • @nehanathany4550
    @nehanathany4550 2 роки тому

    Thank you, thank you, thank you!!!

  • @funkyypavan
    @funkyypavan 4 роки тому +40

    Sir you can enter south India with one demo class. Your English speaking and conceptual clarity makes so much demand and also sets u apart from other lecturers.
    But according to the view point of south Indians price is a bit too high. Other than that everything is perfect.

    • @vyomthakur1831
      @vyomthakur1831 4 роки тому

      You don't need to tell him what to do.

    • @funkyypavan
      @funkyypavan 4 роки тому +15

      @@vyomthakur1831 yeah u also don't tell me what to talk. Nobody is asking so i took a step.

  • @rajanrathod2038
    @rajanrathod2038 3 роки тому +2

    6:43
    It should be supplier should not have substitution rights ?

  • @pranalitanpure1204
    @pranalitanpure1204 4 роки тому +3

    This lecture is very useful. Thank you so much Sir. Especially your notes, it takes hardly half an hour to revise through notes.

  • @anamikachintal3871
    @anamikachintal3871 3 роки тому +3

    59:25 lease modification

  • @darshagrawal5394
    @darshagrawal5394 4 роки тому +3

    Thank you soo much sir... These revision lectures are of great help!

  • @ChitStarkid94
    @ChitStarkid94 4 роки тому +1

    Fantastically explained! Thanks so much.

  • @gurdarshangarryarora4536
    @gurdarshangarryarora4536 4 роки тому +1

    Thanks alot sir...appreciable efforts 🙏

  • @jilldedhia6636
    @jilldedhia6636 4 роки тому +3

    Thank you so much Sir! These revisionary videos are of super duper help! Please put for all important chapters, if possible . Thanks alot!

  • @chandni205
    @chandni205 Рік тому

    Hi Sir, I'm a CA with 10 years post qual exp- and wanted an understand of the new LEase standard and watched your video. Its excellent to get a brief but thorough understanding of important concepts of the new standard, thank you!

  • @bhargavsharma8867
    @bhargavsharma8867 3 роки тому +7

    Thank God, I found this awesome revision video. Thank You so much Sir for make such a huge topic revisable in only 1 hour

  • @akhilkhurana9819
    @akhilkhurana9819 3 роки тому +2

    Lease was the toughest topic for me until i watched your revision video lecture ! You made Leases so easy. I am gonna watch every video of yours now for revision. 👍 Thankyou sir.

  • @faheemac.v.9777
    @faheemac.v.9777 4 роки тому +1

    May God bless you forever sir..in sharing this helpful video..😍

  • @srinusri1928
    @srinusri1928 3 роки тому +1

    Thanks a lot sir
    Your revision videos are helping us a lot

  • @preston433
    @preston433 3 роки тому

    So crisp and simplified ... Thanks a ton

  • @kaushanivejani
    @kaushanivejani 4 роки тому

    Sir aap FR ke liye hamare bhagwaan ho 🙏🙏
    Thankyou so much

  • @apurvamazumdar4782
    @apurvamazumdar4782 3 роки тому +1

    Amazing summary video... Thank you Sir

  • @revatilokhande7121
    @revatilokhande7121 4 роки тому

    Thanks a lot for the video 🙏

  • @kalyankumar4993
    @kalyankumar4993 6 місяців тому

    Very useful, thank you 🙏

  • @sricharansarabu394
    @sricharansarabu394 3 роки тому +1

    Lessor to recognise operating lease at SLM basis unless more systematic approach is available (like if there are escalations etc)

  • @nalinisharma9840
    @nalinisharma9840 4 роки тому +1

    Thank you so much sir this is really helpful. Really appreciate your efforts !!

  • @kidscorner4004
    @kidscorner4004 3 роки тому +1

    Much needed charts and much needed explanations..
    Sir you are just amazing.. 😇😇

  • @farheenkhan6367
    @farheenkhan6367 3 роки тому

    Thank you so much for the clarity sir😍🙏🏻

  • @spchoudhary8566
    @spchoudhary8566 4 роки тому

    Thank you so much sir 🙏🙏

  • @swarajkargutkar6994
    @swarajkargutkar6994 4 роки тому

    You are a saviour sirr... Thank you so much!!

  • @hatimse-learning-hatimramp8664
    @hatimse-learning-hatimramp8664 4 роки тому +1

    Thanx sir .. I was actually needing this .. thanx once again ♥️👍

  • @prasanthgurram197
    @prasanthgurram197 4 роки тому

    Tq sir you are awesome 😍😍😍😍

  • @kirtimahendravyas3805
    @kirtimahendravyas3805 4 роки тому

    Thank you sir for such an amazing help!!

  • @manojveenem246
    @manojveenem246 3 роки тому

    Thank you sir ... Very clear and on to the point

  • @mt.loverest
    @mt.loverest 3 роки тому

    Sir your knowledge and power to make things easily understandable is as incredible as INDIA is in this universe

  • @ruthcdsilva
    @ruthcdsilva 3 роки тому

    Thanks!
    Watching your videos after clearing too

  • @nehaagarwal8012
    @nehaagarwal8012 3 роки тому

    Thanks alot... No one can do like u sir

  • @Traveller_Guy
    @Traveller_Guy 2 роки тому +1

    Got selected in pwc india
    Thank u sir!!!!

  • @venkateshtata3935
    @venkateshtata3935 4 роки тому

    Thank you so much sirrrrr🙏🙏🙏

  • @harshas2384
    @harshas2384 4 роки тому

    🙏🙏🙏🙏☺️☺️☺️ thank u so much sir with lot of respect because u giving more clarity and giving student point of view

  • @richanagda3814
    @richanagda3814 3 роки тому

    I dont know how can i thank you. I had done the old ind as while in classes and now just before exam when i thought this chp would be very difficult you made it so easy with this amazing video. Thank you @bhavik chokshi

  • @cajavedakhter236
    @cajavedakhter236 3 роки тому +1

    Very informative about Ind As 116

  • @niteshkukreja6367
    @niteshkukreja6367 3 роки тому

    THANK YOU SO MUCH SIR

  • @arunkaremane8958
    @arunkaremane8958 4 роки тому +1

    Conception cleared. Loved it ♥

  • @srikarananthula8022
    @srikarananthula8022 3 роки тому +3

    YOU ARE AWESOME SIR ! 🤟🤟💥
    I'm just wondering how the standard like 116 be covered in 1hr, may be the faculty ignores few concepts.. but NOT EVEN a Single concept was ignored... 100% covered!
    Thanks a ton sir ! 👍

  • @pawan1872
    @pawan1872 3 роки тому

    Thankyou so much...so concise and on point revision

  • @IQTEHDAR
    @IQTEHDAR 4 роки тому +1

    U r awesome sir.👍

  • @arushiagrawal6482
    @arushiagrawal6482 4 роки тому

    Thank you very much sir,... You are great

  • @samansiraj476
    @samansiraj476 4 роки тому

    You are the best for FR.
    Thank you so much sir

  • @deeksha274
    @deeksha274 4 роки тому

    Thankyou so muchh sir☺️

  • @shajithabanu3194
    @shajithabanu3194 4 місяці тому

    Thank u sir...video was useful

  • @ujjwalshah8723
    @ujjwalshah8723 3 роки тому

    Sir this is an excellent lecture, it saved my time of taking 10 hour class and writting a heck of notes which are of no use

  • @cacsnamratamittal7871
    @cacsnamratamittal7871 4 роки тому

    Conceptual clarity with precise content👌

  • @jeroldferreira3615
    @jeroldferreira3615 4 роки тому

    Thank you for your efforts Sir

  • @clarissapereira6514
    @clarissapereira6514 4 роки тому

    Thanku soo much sir..

  • @dhirajmatwani7559
    @dhirajmatwani7559 4 роки тому

    Thanks , this was really helpful 👍

  • @diwakar_ojha_97
    @diwakar_ojha_97 4 роки тому +1

    @bhavik chokshi sir, if you are reading this i have become a fan of your notes ;)

  • @madhavhaygreev2026
    @madhavhaygreev2026 4 роки тому

    Wow thanks a ton for this prompt help sir. ❤

  • @brindaasri
    @brindaasri 4 роки тому

    Thanks a lot Sir!

  • @commercekibatye7236
    @commercekibatye7236 2 роки тому +1

    Got 78 in FR (Praveen Sharma).but watching your videos for interview preparation 😂. Grt notes and coverage within 1 hr

    • @SIDDHANTHDAS
      @SIDDHANTHDAS Рік тому

      What difference did you find in both like the way of communicating the concept?Can you just review a bit

  • @chitturipoojitha3262
    @chitturipoojitha3262 4 роки тому

    Thank u sir for your efforts. Well understood

  • @vaishaligupta7579
    @vaishaligupta7579 4 роки тому +1

    Commendable efforts Sir. 👏

  • @padamjain6326
    @padamjain6326 4 роки тому

    Thank You so much Sir

  • @CA_Tax_Investment_Fun
    @CA_Tax_Investment_Fun 4 роки тому

    Thank you so much sir,
    It really help a lot

  • @komalingole9750
    @komalingole9750 4 роки тому +8

    Excellent as always, your art of simplifying the complex most concepts is so wonderful. And apart from that the way you explain inclusing the acronyms you use and every simple concept from base. I have tried watching other Prof., revision videos since I am studying on my own and it really bogged me down when they come up with "Since this is revision and you are expected to know this by now" , nothing wrong with it and no offence to them but I really appreciate how you go from the simplest thing witha base and gratified with your inspiring approach! Thanks a lot Sir! I am pretty sure if someone who ask me for FR, I would recommend you, you are just so amazing. Thanks a lot again Sir!

  • @innovateeducation8585
    @innovateeducation8585 4 роки тому

    Thanks alot sir. In short span covered all topics

  • @divyeshjain5370
    @divyeshjain5370 4 роки тому

    Thanks so much Sir :-)

  • @AB-ou7pd
    @AB-ou7pd 2 роки тому +2

    52:40 sale and lease back

  • @dr.s.rosalinejayanthi405
    @dr.s.rosalinejayanthi405 4 роки тому +2

    Excellent teaching 👌

  • @rashijain9164
    @rashijain9164 4 роки тому

    Probly the best❤

  • @SaDeescartoon
    @SaDeescartoon 3 роки тому

    OMG What a lecture on INDAS116 nailed it ,loved this.

  • @vineethasatishjossyabhatla4622
    @vineethasatishjossyabhatla4622 3 роки тому

    u r like saviour sir

  • @vinitsinghchouhan5008
    @vinitsinghchouhan5008 3 роки тому

    Thank you soo much sir.. you really put soo much of efforts for revision lecture and it really helps alot. God really blesses you for such a help of all student. Thank you again sir.

  • @mansijain3440
    @mansijain3440 4 роки тому

    Very helpful for revision purpose...Thank you Sir... 👍

  • @nikitagarg4919
    @nikitagarg4919 4 роки тому

    Sir you are the best mentor❤️

  • @tejeshwinigowdaclasses
    @tejeshwinigowdaclasses 4 роки тому

    Thank u so much sir.
    It helped me a lot for my preparation.

  • @XHTOMAR
    @XHTOMAR 4 роки тому

    Thanks for the video Sir, it is really helpful

  • @husainujjainwala8553
    @husainujjainwala8553 4 роки тому +2

    Hi Sir, one small correction, short term leases (41:40) are lease having lease term of 12 months or less from commencement date. Thanks ✌️

  • @radhikagohil2471
    @radhikagohil2471 4 роки тому

    Much needed one 🙌

  • @Itsmehappypanda
    @Itsmehappypanda 4 роки тому

    Thank you sir....