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.
1. Which lease classification would management prefer? Explain.
2. Would meeting SDI’s reporting objective be more or less difficult under IFRS? Explain.
3. Does SDI’s reporting objective pose an ethical dilemma? Why?
4. Who may be affected by SDI’s reporting objective? Why?
This is the powerpoint for chapter 15