Use of Reserve account in Lease Accounting — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Use of Reserve account in Lease Accounting

Summary:

Hello,

I was under the impression that reserve is only used at the time of booking when ROU and Lease Liability isn't equal.
However during amending my lease for scope decrease, my reserve account was hit. Whereas as per IFRS 16, P&L account should be hit.
Can anyone guide me where else reserve account is used and why?

Content (please ensure you mask any confidential information):


Version (include the version you are using, if applicable):



Code Snippet (add any code snippets that support your topic, if applicable):

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!