rohit agarwal
asked over 3 years ago
What is the Difference between AS 19 and Ind - AS 17?
Pankaj
answered almost 3 years ago
IND AS 17 1. it has specific provisions dealing with leases of land and biulding 2. it is not applicable as the basis of measurement of property held by lesses or provided by the lessors under operating leases but treated as investment property and biological asset held by lessor. 3. the definition of residual value appearing in the existing standard 4.The lessee shall recognise finance leases as assets and liabilities in balance sheet at the commencement of the lease term AS-19 the existing standard excludes leases of land from its scope 2.this standard does not contain provisions of treated as investment property biological asset held by lesses 3 no distinction between inception of lease and commencement of lease
Anshul Dhawan
answered almost 3 years ago
Hie IND AS 17 1. it has specific provisions dealing with leases of land and biulding 2. it is not applicable as the basis of measurement of property held by lesses or provided by the lessors under operating leases but treated as investment property and biological asset held by lessor. 3. the definition of residual value appearing in the existing standard 4.The lessee shall recognise finance leases as assets and liabilities in balance sheet at the commencement of the lease term AS-19 the existing standard excludes leases of land from its scope 2.this standard does not contain provisions of treated as investment property biological asset held by lesses 3 no distinction between inception of lease and commencement of lease 4.As per the existing standard such recognition is at the inception of the lease.
Anil
answered almost 3 years ago
IND AS 17 1. it has specific provisions dealing with leases of land and biulding 2. it is not applicable as the basis of measurement of property held by lesses or provided by the lessors under operating leases but treated as investment property and biological asset held by lessor. 3. the definition of residual value appearing in the existing standard 4.The lessee shall recognise finance leases as assets and liabilities in balance sheet at the commencement of the lease term AS-19 the existing standard excludes leases of land from its scope 2.this standard does not contain provisions of treated as investment property biological asset held by lesses 3 no distinction between inception of lease and commencement of lease 4.As per the existing standard such recognition is at the inception of the lease.
dhanashri
answered over 3 years ago
hello following are the difference between IND AS 17 and AS 19 IND AS 17 1. it has specific provisions dealing with leases of land and biulding 2. it is not applicable as the basis of measurement of property held by lesses or provided by the lessors under operating leases but treated as investment property and biological asset held by lessor. 3. the definition of residual value appearing in the existing standard 4.The lessee shall recognise finance leases as assets and liabilities in balance sheet at the commencement of the lease term AS-19 1. the existing standard excludes leases of land from its scope 2.this standard does not contain provisions of treated as investment property biological asset held by lesses 3 no distinction between inception of lease and commencement of lease 4.As per the existing standard such recognition is at the inception of the lease.
