CV

Financial Reporting

Ch 3 · Ind AS 116 — Leases

5 concept points · 3 formulas · 4 exam-critical points.

📘
Concept
🗺️
Chart Summary
🧮
Formula Sheet
Important Points

🧮 Formula sheet

  1. 1.Lease Liability = Σ [Lease Payments / (1+IBR)ᵗ]
  2. 2.ROU = Lease Liability + Prepayments + Initial Direct Costs − Incentives + Estimated Restoration
  3. 3.Interest = Liability × IBR (each period)

Want more depth on formula sheet?

Make it click

← All chapters