Home » Archive

Articles tagged with: IAS 17 LEASES

DOCUMENTS, IAS 17 »

[17 Dec 2011 | Comments Off | 0 views]
IAS17 – Leases

List of useful info, resources and documents available on other websites about IAS 17 – Leases. Summary of IAS 17 – IASPlus Full Text of the IAS 17 as at 31 December 2010 provided by IASB (You need to register) Other useful resources … Con…

AUDIT, IAS 18, IFRS BLOG, OTHER IFRS »

[14 Oct 2010 | 5 Comments | 1,857 views]

Dear Sirs,
My query is related to IAS-17 described below :
A tenant is leased an office and billed for a year. The lease agreement is signed and handed over the kays. The tenant did not pay rent and legal case filed. The lease agreement is renewed automatically and keys are still with the tenant. Now in accounting the outstanding is considered as provision for doubtful debts.
Now I have following questions:
Whether tenant should be billed for another years & recognize revenue and simultaneously provide as bad debts, based on the facts that …