PRACTICE TOPIC
Leases
Practice Leases with 11 accounting challenges on Accountely — instant IAS/IFRS-compliant scored feedback on every submission.
Further readingIFRS 16: leases, with journal entries
11 Leases practice challenges
TitleTypeDifficulty
Northwind Logistics - Recognising a Lease at Commencement JournaleasyBramley Advisory - Low-Value Lease Exemption JournaleasyCalder Manufacturing - Lease Interest, Payment and Depreciation JournalmediumMoorvale Logistics - IFRS 16 Lessee: Measuring the Lease Liability and Right-of-Use Asset Multi-StatementmediumHalstead Chemicals - Lease with Direct Costs and Restoration JournalhardWrenfield Media - Operating Lease: One Straight-Line Lease Cost (US GAAP, ASC 842) US GAAPJournalhardCobblefield Manufacturing - Finance Lease Paid in Advance, Amortized Over Useful Life (US GAAP, ASC 842) US GAAPJournalhardMoorvale Logistics - IFRS 16 Lessee: The First Year of the Lease Multi-StatementhardRexford Equipment Leasing - A Finance Lease in the Lessor's Books (IFRS 16) Multi-StatementhardQuenby Printworks - Correcting a Lease Recorded as Rent (IFRS 16) Multi-StatementhardCase Study: Corrib Freight - Year-End Liabilities: Lease, Bank Loan, Warranty Provision and Deferred Tax Multi-Statementhard