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Explain how variable payments are accounted

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Problem 1: For Lease Accounting for Lessors - for IFRS - can you please explain how variable payments are accounted for that are based on a consumer index or rate - for both operating and finance leases under IFRS.

For example, if you have lease payment based on index - year 1 it 10%, year 2 is estimated at 11% and year 3 is 12%. ASC 842 only looks at the index at commencement (10%) to calculate lease payments - i believe IFRS will account for all rate changes (estimated or not) when calculating lease payments - ie use 10%, 11% and 12% when figuring out the PV lease payments.

Reference no: EM132987353

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