After reading Chapter 15, post your answers to the following questions pertaining to IFRS Case 15-7 in the Chapter 15 discussion forum. Be sure to support and explain your answers.
- Which lease classification would management prefer? Explain.
- Would meeting SDI’s reporting objective be more or less difficult under IFRS? Explain.
- Does SDI’s reporting objective pose an ethical dilemma? Why?
- Who may be affected by SDI’s reporting objective? Why?
This is the powerpoint for chapter 15