What is the Difference between AS 19 and Ind - AS 17?
11
1
Answer Now
Comment
Report
4
Answers
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
Important Note โ Preparing for IFRS?
CAKART provides Indias top faculty each subject video classes and lectures โ online & in Pen Drive/ DVD โ at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below โ
For any questions Request A Call Back
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.
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.
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.