4 Questions
Which of the following is NOT a requirement for lessees to disclose under NZ IFRS 16?
Lease expense relating to long-term leases
What is the objective of the disclosures under NZ IFRS 16 for lessees?
To enable users of financial statements to assess the effect of leases on the financial position, financial performance, and cash flows of the lessee
Which paragraphs of NZ IFRS 16 specify the requirements for lessees to meet the objective of the disclosures?
Paragraphs 52-60
What information should be disclosed by lessees under NZ IFRS 16?
All of the above
Test your knowledge of the disclosure requirements under NZ IFRS 16 Para 51. Assess your understanding of how lessees should disclose information in the financial statements to allow users to evaluate the impact of leases on the financial position, performance, and cash flows. Explore the requirements outlined in paragraphs 52-60 to meet this objective.
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