IND AS 109
ragupathi (ca ipcc) (42 Points)
15 April 2018
Hi friends I have doubt in Ind AS 109 , why leased assets are not considered as financial instruments?? Thank you in advance.
4 Replies
mrdrvz@gmail.com
(126 Points)
Replied 15 April 2018
financial instruments specifically exclude financial lease
Amit Ashok Chawla
(Corporate Trainer)
(383 Points)
Replied 15 April 2018
Any tangible or intangible assets are not covered by Financial Instruments (or Financial Assets definition). There are different standards that measure those assets (including PPE, Intangible Assets / Leased Assets).
c jyothi
(Student CA IPC / IPCC)
(103 Points)
Replied 15 April 2018
For lease there is a separate standard in international accounting standard as well as in IAS as. I.e ind as 117
c jyothi
(Student CA IPC / IPCC)
(103 Points)
Replied 15 April 2018
So lease is dealt by ind AS 117 not 109
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