Chapter-21 (Accounting for Leases)
Intermediate Financial Accounting (IFA)
CMA QUESTION-SOLUTION [ADVANCED FINANCIAL ACCOUNTING-I (PL-II)]
CMA MAY-2022, 7(a)
Solution- 7(a):
CMA JANUARY-2022, 5(c)
Chapter-21 (Accounting for Leases)
Intermediate Financial Accounting (IFA)
CMA QUESTION-SOLUTION [ADVANCED FINANCIAL ACCOUNTING-I (PL-II)]
Solution- 5(c):
Chapter-21 (Accounting for Leases)
Intermediate Financial Accounting (IFA)
CMA QUESTION-SOLUTION [ADVANCED FINANCIAL ACCOUNTING-I (PL-II)]
CMA DECEMBER-2019, 2
Solution-2:
Chapter-21 (Accounting for Leases)
Intermediate Financial Accounting (IFA)
CMA QUESTION-SOLUTION [ADVANCED FINANCIAL ACCOUNTING-I (PL-II)]
Chapter-21 (Accounting for Leases)
Intermediate Financial Accounting (IFA)
CMA QUESTION-SOLUTION [ADVANCED FINANCIAL ACCOUNTING-I (PL-II)]
CMA JUNE-2019, 2(a)
Solution-2(a):
Chapter-21 (Accounting for Leases)
Intermediate Financial Accounting (IFA)
CMA QUESTION-SOLUTION [ADVANCED FINANCIAL ACCOUNTING-I (PL-II)]
CMA JUNE-2019, 2(b)
Solution-2(b):
CMA JUNE-2019, 2(c)
Solution-2(c):
Chapter-21 (Accounting for Leases)
Intermediate Financial Accounting (IFA)
CMA QUESTION-SOLUTION [ADVANCED FINANCIAL ACCOUNTING-I (PL-II)]
CMA APRIL-2019, 1(a)
TXY Company is a manufacturer and lessor of computer equipment. What should be the
nature of its lease arrangements with lessees if the company wishes to account for its lease
transactions as sales-type leases?
Solution-1(a):
TXY Company can use the sales-type lease accounting method if at the inception of the lease a
manufacturer’s or dealer’s profit (or loss) exists and the lease meets one or more of the following
four criteria:
(1) The lease transfers ownership of the property to the lessee,
(2) The lease contains a bargain-purchase option,
(3) The lease term is for the major part of the economic life of the asset,
(4) The present value of the minimum lease payments amounts to substantially all of the fair
value of the leased asset.
CMA APRIL-2019, 1(b)
Solution-1(b):
Chapter-21 (Accounting for Leases)
Intermediate Financial Accounting (IFA)
CMA QUESTION-SOLUTION [ADVANCED FINANCIAL ACCOUNTING-I (PL-II)]
Chapter-21 (Accounting for Leases)
Intermediate Financial Accounting (IFA)
CMA QUESTION-SOLUTION [ADVANCED FINANCIAL ACCOUNTING-I (PL-II)]
CMA DECEMBER-2018, 4(b)
Solution-4(b):
Chapter-21 (Accounting for Leases)
Intermediate Financial Accounting (IFA)
CMA QUESTION-SOLUTION [ADVANCED FINANCIAL ACCOUNTING-I (PL-II)]
CMA JUNE-2018, 5
Solution-5:
Chapter-21 (Accounting for Leases)
Intermediate Financial Accounting (IFA)
CMA QUESTION-SOLUTION [ADVANCED FINANCIAL ACCOUNTING-I (PL-II)]
Chapter-21 (Accounting for Leases)
Intermediate Financial Accounting (IFA)
CMA QUESTION-SOLUTION [ADVANCED FINANCIAL ACCOUNTING-I (PL-II)]
CMA DECEMBER-2017, 2(a)
Solution- 2(a):
CMA DECEMBER-2017, 2(b)
Solution- 2(b):
CMA DECEMBER-2017, 2(c)
Solution- 2(c):
Chapter-21 (Accounting for Leases)
Intermediate Financial Accounting (IFA)
CMA QUESTION-SOLUTION [ADVANCED FINANCIAL ACCOUNTING-I (PL-II)]
Chapter-21 (Accounting for Leases)
Intermediate Financial Accounting (IFA)
CMA QUESTION-SOLUTION [ADVANCED FINANCIAL ACCOUNTING-I (PL-II)]
CMA JUNE-2017, 1(b)
Solution- 1(b):
Chapter-21 (Accounting for Leases)
Intermediate Financial Accounting (IFA)
CMA QUESTION-SOLUTION [ADVANCED FINANCIAL ACCOUNTING-I (PL-II)]
Chapter-21 (Accounting for Leases)
Intermediate Financial Accounting (IFA)
CMA QUESTION-SOLUTION [ADVANCED FINANCIAL ACCOUNTING-I (PL-II)]