Discuss how the IASB Framework for Financial Reporting's definition of an asset and liability are applied when lessees are accounted for as "right to use leases" (material leases agreements in excess of one year) in accordance with IFRS leases. 9:03 AM 55 55 o o o com o Discuss how the IASB Framework for Financial Reporting's definition of an asset and liability are applied when lessees are accounted for as "right to use leases" (material leases agreements in excess of one year) in accordance with IFRS leases. 9:03 AM 55 55 o o o com o