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MGT401 GDB Solution fall 2012

The software is a free version,upgrade it into the registered version,please visit the website to access more.   Solution:- As per IAS-17 when lease is operating lease and fair value is equal to sale value then profit and loss is recognized immediately. So in case of carrying value is 18000Rs and Sale Value = Fair Value = 20000Rs Then ... Read More »

MGT401 GDB 3 FALL 2012

Topic to be tested:  Leasing (IAS-17) Learning objectives:  To learn about the recognition and reporting of profit or loss arisen in lease and lease back transactions as per IAS-17 Discussion Question:   Mr. Ali has made an agreement to sell a vehicle to Mr. Ahmad. As per conditions of the agreement, he has taken it back on lease on the ... Read More »