IFRS 16 – Leases (Part 1) | ACCA FR | Basics Explained with Examples

In this session, we cover IFRS 16 – Leases (Part 1) for ACCA Financial Reporting (FR). This lecture focuses on the fundamentals of IFRS 16, helping you build a strong base before moving to numericals and exam-oriented questions. 🔍 Topics covered in Part 1: What is a lease under IFRS 16 Identifying a lease Key definitions and concepts Overview of lessee accounting How IFRS 16 differs from IAS 17 This session is useful for: ACCA FR students ACCA SBR students (conceptual clarity) Anyone revising lease accounting basics 📌 Next parts will cover full numericals and exam application. If you find this video helpful, do like, share, and subscribe for more ACCA FR & SBR content. — Ikshana Learning ACCA | Finance | Accounting