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):