Page 109 - Microsoft Word - 00 IWB ACCA F7.docx

Leases

For further reading, read Chapter 9 of the Complete Text. There are illustrations
in Section 2 that show how to deal with low value assets and mid-year entry into
leases.

You should now be able to answer TYU questions 1-5 and understand all
illustrations from Chapter 9 of the Study Text.

IFRS 16 Leases was recently issued and, as at the time of writing, has not been
examined. In the exam kit, past questions and answers have been updated to
reflect this accounting standard, and some new questions have also been
written. You could now attempt:

Questions 266 – 275

Question 335

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