Description
After reading Chapter 15, post your answers to the following questions pertaining to IFRS Case 15-7 in the Chapter 15 discussion forum. Be sure to support and explain your answers.
QUESTIONS:
1. Which lease classification would management prefer? Explain.
2. Would meeting SDI's reporting objective be more or less difficult under IFRS? Explain.
3. Does SDI's reporting objective pose an ethical dilemma? Why?
4. Who may be affected by SDI's reporting objective? Why?
This is the powerpoint for chapter 15
Explanation & Answer
Attached.
Running head: ACCOUNTING DISCUSSION BOARD ON IFRS
Accounting Discussion Board on IFRS
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ACCOUNTING DISCUSSION BOARD ON IFRS
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Accounting Discussion Board on IFRS
a. The management would prefer to the operating lease classification for various reasons. First,
the operating lease allows the management to avoid the income statement effects that tend to
increase the levels of expenses. Once the expenses of an organization are depicted are high, the
smooth running is negatively affected (Khan & Jain 2018). On the other hand, the financing
lease classification attracts the offloading effect. This is not the case with an operating lease, thus
making it the ...
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