IND AS 116 Revision | CA Final FR | Leases | By CA Ajay Agarwal AIR 1
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- Опубліковано 14 лют 2022
- Topics Coverage:
Ind AS 116 - Leases
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Used to watch this lectures as Student, now watching as qualified Chartered Accountant for Interview preparation❤
Same here😌
Both of you placed ??
Yes
🎉 same here
Same bro
Ajay sir n Atul sir are real Kohinoor Hiras of CA coaching fraternity. They have contributed alot to the passing of thousands of CA students n filling their dreams.
Thanks aton to you both legends 🙏🙏
3:45 Lessee Accounting
10:09 Lease payment meaning
30:27 Lessee Journal Entry
35:19 Lease Modification
43:00 Lease Modification Steps
59:17 Remeasurement Accounting
1:05:00 Lessor books
1:19:23 Dealer lessor
1:23:20 Lessor Modification
1:27:27 Sale and leaseback
Sir ne full coverage Kiya hain ?
@@mr.d2705 yes
So many hours of classes wasted to study a chapter which you have explained so "easily" ! Thank You !
I just want to say one thing, you have created a 'legacy' in the field of CA teaching which will be remembered for years to come.🔥 I don't know how to thank you enough for your tremendous contributions towards helping the students in every way possible. These are golds and diamonds for us. May god bless you and give you every happiness and prosperity in your life.
Just keep up this good work sir.. We are blessed to have teachers like you:) 🙏❤️
Sahi Guru mil jata he..to saflta ke raste or hi clear dikhne lagte he....and aap dono wahi anmol guru ho.. hum strugglers ko . Aab raste saf dikhai dete he.. thanks to both of u Ajay And Atul sir
Perfect Teacher ✨
1:49 - date of lease
3:46 - Lessee accounting
30:29 -Journal entry
37:00- Increase in area& increase in lease payment with stabdard selling price of such increased area
37:49 -Increase in lease term or, imcreade in area and lease payment , or increse/decrease in lease payment
59:04 - Accounting of remeasurement
1:19:21- Dealer lessor finance lease
1:39:45 -Sub lease
.. 14:41
Sale and lease back: 1:28:00
Case C modification 57:37
I have to admit that i have studied this particular Ind AS for around 5 times until now...but never have I ever had this conceptual clarity of this Ind AS. Thank you so much for your efforts.
Absofuckinglutly
Q##s
I Agree 💯
Sale and lease back most easiest way 🖒🖒🖒
Same here
49:12 Step 5 of Case B modification
52:35 Case B, Part where decrease in LEASE TERM - Lease Liability part
The clarity i got in this 1.5 hours is more than listening the regular class of Ind As 116 for 10 hours
1:05:07 Accounting of lease in the books of Lessor
It's been so easy to revise FR because of your revision videos. Can't thank you enough 😍
never understood this AS 19 in old AS but this time IND AS 116 Leases is so simple to understand. all credit goes to Ajay Agrawal ji for providing Conceptual clarity.. Thank you So much 👌✌️
Still I am watching his class even after becoming CA for Interview preparation.Very nice explanation.
I miss rent a/c dr to cash days lol
I don't know about others but
I personally feel that
Because of atul sir and ajay sir's technique of teaching like free notes you tube, reasonable price of lectures etc. They are just trying to reach many to many students by their commendable efforts
Now many of other are trying the same techniques
But sir really thankful to your team sir
From my personal point of view you guys only first who take such a big initiative for us
This really helpful for those who even can't afford classes
Thank you so much sir
Keep growing👏👏👍
35:17 lease modification
59:05 remeasurement accounting
1:05:06 accounting in lessor books
Transition appraoch may 22 mai applicable rahega ??
Covid 19 wala lease concession भी applicable hai kya ??
1:23:28 lease modification lessor
1:25:05 Special Cases
Immense level of clarity sir! Thank you so much!!
At par with the Regular class! 🤩
52:47 reason for lease liab reduction calculated differently in case b of modification
1:43:14 sublease
The way you have summarized all the cases of modifications in lease contract (Case A, Case B and Case C), OMG, it's amazing and unbelievable.
Banda agar Case C modifications mai ICAI ka solution dekh le to darr jayega and fir bhi kuchh samajh nhi aayega. Ek to lengthy solution upar se solution aur working notes mai correlation karne mai dimag hil jayega.
Thanks a lot for making this short and crisp.
Always afraid of this IND AS but made easy by you. Full conceptual clarity in just short span of time.
As I never clear concept about ind as 116 in previous due to fear on it, but i m now boost my confidence only bcoz of you. Thank you so much Ajay sir🙏🙏
Adjectives Kam pad jayege describe krne ke liye,
Itna badiya lecture hai...
Tysm n grateful to have you in our fraternity....
God bless you 🙌🙌🙌
Eagerly Waiting for Remaining revision videos...Hats off for 100% conceptual clarity
Transition appraoch may 22 mai applicable rahega ??
Covid 19 wala lease concession भी applicable hai kya ??
Actually I was so scared of FR & SFM... even though I took classes from other respected teacher...i didn't feel this type of connectivity and concept clarity.... really you both guys are boon to CA students like me...this revision classes are helping me in this crucial time...And i take a bow for ur patience, hardwork u reply to every student which many teachers dont usually do this makes you special and more connected to students like me #KeepRocking 💐
Whose you took earlier?
Thank you so much for your revision lectures. You are a true blessing for students.❣️
Very nice explanation sir, easy to understand and remember too.. plz also provide the notes of this revision.
Jay Jagannath 🙏
Lease Modification 35:30
Separate Lease contract 37:05
Case A Modification 43:00
Case B Modification 48:40
Reason for Difference in Adjustment 40:00
Case C Modification (Mix of A&B) 56:35
Lease Remeasurement 59:00
Sale and Lease back 1:27:30
Sir just cannot thank you enough for this!
Thank you so much Ajay sir for your amazing FR revision lectures, marathons, ABC analysis, Important questions list and thorough guidance. I'm a CA now in May 24 attempt.
Aspirants who are watching this: I'd highly recommend Ajay sir as a Go To for FR! All the best!
Thank you 👍🏻
Radhey Radhey 🙏🏻🙏🏻
I like the sentense you frequently use "Bahoth simple"...i didnt find at any point of lecture, you using the sentence like this is difficult to understand....Nothing is difficult,if we can get a clear understanding of any Topic,. Really u made it for us.Thank You...
1:19:22 Dealer Lessor Accounting
1:25:10 sales and leaseback
Thank you sir for revision lectures.🙏🙏
🙏🏻🙏🏻🙇🏻♀️🙇🏻♀️ no words for this much conceptual clarity
🎉🎉🎉🎉
Thank you sir for providing such a wonderful lecture with simplified examples
Thank you Sir 👌👌... please upload remaining topic revisions videos....it helps lots...saving time and all....🙏
Explained in very simple way.. thanks 🙂
Thank you so much Ajay ji
Radhe Radhe🙏
Sir, i m not being able to solve Case c modification question illustration 37 study mat... I m stucked after applying case b modification as per notes
Never understood like this before👍
Could you please provide the PDF of these revision videos.
Conditions for finance lease 01:06:55
Thank You Sir.
Thank you sir... You made FR so simple 🙏
Great efforts.. Great help.. Great attitude.. You have my gratitude. Thanks
I regret not taking classes from you. Your teaching style is very good.
Sir please provide consolidation ka bhi revision lecture ..your revision lectures are absolutely fantastic ..please Sir A category walo ke sabke revision videos de dijiye
Just imagining the mind of person who has written & thinked of this making IND AS. If he/she would be doing accounts work...there is no need to AUDIT 🤐🤣🤣
1:00:14 Accounting in the books of lessor
I struggled with modification for lease for so long, but this clarity is very amazing, thank you so much. I've never seen someone explain something so conceptually so well.
I watched 116 revision videos of many professors on u tube ..but it was very difficult to absorb the concepts if you are not their student. However I watched Ajay sir's video and I am so glad ki phle yhi dekh lena chahiye tha tym bch jata ..
Lots of love and respect for you sir.. thank you so much for being in CA profession... We all are blessed to have you...❤
@ 1:18:42 its not Loss in Lease.. that should be Profit in Lease
Thank you..sir
Thanks to such lecture nicely explained
Thank you✨Radhe Radhe♥
Thank you so much sir. It was really helpful in revising the concepts.
Thank you so much sir , again watching for interview preparation.........
Superb gajab damakedar performance of your lecture no words to say... 😊😊☺
thanks a lot sir . ik it is too much to ask but if possible make a video on consolidation also. i have seen the marathon but it would help if there is a bit more detailed video
Thank you so much for these lectures
❤️🙌🏻🔥
Sir the lectures are amazing they provide a great conceptual clarity even for the first reading thank you sir..... and god bless you
Sir, transition provison of IndAS 116 and covid 19 practical expedient are important for may 2022?
Thank you sir
Really amazing!!
All the best bro. your way of explanation outstanding. even being a CA watching for Interview.
Sir please make a video on CA FOUNDATION 90 DAYS PREPARATION PLANING, STUDY STRATEGY & guidance on HOW TO CRACK CA FOUNDATION EXAM IN FIRST ATTEMPT WITH HIGH MARKS ...... 🙏 please accept my and most other students requests on this topic ... !!!!
Thankyou so much Sir...I was too scared to start this Indas because I have tried 2 times earlier and couldn't get clarity...but today I did all the question with so much ease...Thanks again
thank you so much for the session sir
App se pd k lgta h such me fr kuch v ni h.. Apka bhut bhut dhanyavaad...🙏
16:58 - Guaranteed Residual Value Concept
THANK YOU SIR
Thanks❤️❤️❤️
1:10:46 Finance lease in the book of lessor
Kbhi kbhi to mujhe lgta hai jis final ki pdhai k liye sb rote rehte hai wo mujhe itni easy kyu lg rhi fir yad ata hai ki Maine classes apse Li hai kyuki jis concept ko baki teachers ghuma ghuma kr itna bda bna dete hai ki lgta hai bhuttt tough hai wo ap itna easily smjha dete ho really we are soooooo blessed to have u❤❤
Why dont we calculate profit / loss- and apply case A modification - when we decide not to exercise purchase option (or not to exercise Renewal option). Here also we should apply case B and calculate profit/ loss. (As we are selling our right recorded in books)
I just have words to thank you, great work , well explained
Case c
〰️〰️〰️
Step 1st case b modification & then case a modification
Step 2 ROU asset cl balance after case b modification
Step 3 LL cl balance after case b modification
Step 4 Calculate revised LL on MD using discount rate of MD ( for case A modification)
Step 5 = (step 4 - step 3) adjusted in LL & ROU asset
25:40 priority to IRR then Incremental borrowing rate, vice versa in Ind AS 115
31:46 Steps to solve Practical Qn
54:00 reduction in lease liability when decrease in lease term
Guys i am a qualified chartered accountants, only because of these two brothers.
Case b
〰️〰️〰️
step 1 to 4 same
Step 5 gain or loss due to decrease in term or area 50:00
Calculation of gain/ loss if decrease in area -
1️⃣ Reduction in ROU asset balance
Cl bal of ROU Asset on MD
❌
Decrease in area
➖➖➖➖➖➖
Original area
2️⃣ Reduction in LL balance
CL balance of LL MD
❌
DECREASE IN AREA
➖➖➖➖➖➖➖➖
ORIGINAL AREA
GAIN/ LOSS DUE TO DECREASE IN AREA 🟰 (1️⃣➖2️⃣)
🐄🐄🐄🐄🐄🐄🐄🐄🐄🐄
Calculation of gain/ loss if decrease in term -
1️⃣ Reduction in ROU asset balance
Cl bal of ROU Asset on MD(bal year right value)
❌
Decrease in term
➖➖➖➖➖➖
Original term
2️⃣ Reduction in LL balance
CL bal of LL on MD ➖ PV(@original disc rate )of original lease payment in revised period
GAIN/ LOSS DUE TO DECREASE IN AREA or lease term 🟰 (1️⃣➖2️⃣)
Then pass J E
Step 6 calculate CL BAL of ROU ASSET ON MD ➡️ step 3 - step 5
Step 7 calculate CL BAL of LL ON MD ➡️ step 4 - step 5
Step 8 calculate revised LL on MD (@disc rate on MD)
STEP 9 (step 8 - step 7) 🟰 amount to be adjusted in LL AC & ROU Asset AC.
Thank you Atul bhai❤️❤️❤️
5:30 machine a/c debit karenge toh it will look like our PPE in bal sheet , therefore rou assett
mai first time pdh rahi hu ye chapter ek dumm aaaraam se dimaag mai beth rhaaa hai 😍😍
Consistent rehne ki zarurat h pass toh aaraam se ho jaaye koi bhi inke lectures dekh k ❤️❤️
kya first time padh rhe inka revision+ books sufficient hai ya lectures lena h.. nov24 attempt
Thanks bro
56:34 Mix of Case A and Case B of modification.
Sir agar modification wale case me decrease in lease tern and decrease in lease area dono hora hai to kya steps apply honge?
case b of modification(decrease in lease term)- 52:35
||Radhe Radhe||
Thank You.
Thank you sir for such a nice explanation in a very small time, very useful for revision purpose.
Thank you so much sir
Thank you so much Sir for such amazing revision videos 💯
You are my savage for fr sir... Thank you so much for this much efforts.. ❤
Love you sir maza agaya sab problems itne easy lagre hai ! ma kassam !!! BEST FACULTY FOR FR!!!!!
Super...se Superb
Bestever FR Revision Video in UA-cam..All Concept are covered with Concept Notes..Even self study students can also understand. ❤️❤️
SIR CAN YOU PLEASE CONFIRM WHETHER SUBTANTIAL PERIOD OF HOLDING IN ORDER TO BE CLASSIFIED AS FINANCIAL LEASE IS GREATER THEN 50% OR 75% OF TOTAL PERIOD
I took your classes despite having taken classes from some other faculty. No one can teach the way you do sir. Best investment of my life to have bought your classes. The way you simplify the concepts is unparallel. Extremely grateful. I wish I had taken you classes way before , could have saved money time and all those sleepless nights and tears . Best wishes to you for life
🙏😇
Thank you sir
excellent faculty!! really very impressive!!