IFRS Does Not Classify Leases as Operating and Financing and Does

question 141

True/False

IFRS does not classify leases as operating and financing and does not distinguish two types of leases. Rather, lessee accounting treatment is the same for all leases under IFRS.

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Definitions:

Avoidance Training

A learning process in which an individual learns to prevent the occurrence of an unpleasant or harmful stimulus by performing particular behaviors.

Desensitization

A psychological process of reducing sensitivity or reaction to a stimulus, often used in therapy to manage phobias or anxiety.

Negative Reinforcer

An undesirable outcome or event that, when removed after a behavior, increases the likelihood of that behavior occurring in the future.

Positive

Characterized by the presence or possession of certain qualities, attributes, or outcomes, often implying optimism or constructive aspects.