BUSI 2160U Lecture Notes - Lecture 5: Contingent Liability, Accrual, Sith
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People do this so they cannot see debt. But you must follow conditions to identify the type of lease: capital/finance lease v. s operating lease. Criteria: found on the powerpoint or textbook, only 1 of the guidelines need to be meet. Fo(cid:396) te(cid:396)(cid:373)s like (cid:862)likel(cid:455)(cid:863) use professional judgement under ifrs guidelines. On quizzes/tests, it will be plainly obvious but in general do keep a keen eye on what the scenario is asking for. Side note: aspe is more quantified and gives you accurate measurements on what to expect for each criteria. *lease calculation will not be on final exams. Defined contribution pension plan; after every period employer set aside money for you. Usually give it to a trustee and then go to employee. If the investment suffers, your responsible: risk: you. Defined-benefit pension plan; after every period employer set aside money for you. They decide whether to invest (employer) and you get the money but no choice on the matter.
