JUMOQ Learning · Assets, Impairment & Leases

Ind AS 116 Foundations – Lease Definition, Scope and Identified Asset

Build a practical foundation in Lease Definition, Scope and Identified Asset. The course is deliberately separated from adjacent topics so that each JUMOQ course remains focused and developable.

INDAS116-B01Basic

Course director: Venkata Subramani Ramachandra

1 hr 47 minFull study estimate

Full study estimate: 1 hr 47 min

Self-paced estimates for one pass through the course. Practical work includes activities, assignments and resource study. Your pace may vary; breaks and repeat attempts are extra. All course and certificate requirements still apply.

Inside this course

Select a topic to see its lessons, videos, practice activities and resources.

Course orientation

VideoHow to Learn an Ind AS at Beginner Level
VideoInd AS 116 Architecture and Learning Path

Scope And Exemptions

LessonScope And Exemptions
VideoIs the Contract a Lease? Scope, Control and Exemptions
QuizKnowledge check — Scope And Exemptions
Decision MissionDecision Mission – choose and justify the accounting pathway

Identified Asset

LessonIdentified Asset
QuizKnowledge check — Identified Asset

Substantive Substitution Rights

LessonSubstantive Substitution Rights
QuizKnowledge check — Substantive Substitution Rights

Right To Obtain Economic Benefits

LessonRight To Obtain Economic Benefits
QuizKnowledge check — Right To Obtain Economic Benefits
Practice LabPractice Lab – complete the applied accounting workflow

Right To Direct Use

LessonRight To Direct Use
QuizKnowledge check — Right To Direct Use
Downloadable resourceInd AS 116 Standard Map, Scope and Decision Checklist

Final Assessment

QuizInd AS 116 Foundations – Lease Definition, Scope and Identified Asset – Final Assessment

Certificate

CertificateCertificate of completionUnlocks after every quiz is completed at its required pass mark and all course requirements are complete.

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