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Understanding IND AS 116 Leases by Akhil Khandelwal is a document available to read on EtoBox.
What is Understanding IND AS 116 Leases about?
The document discusses the key impacts of the new Ind AS 116 lease accounting standard in India. Ind AS 116 replaces the current Ind AS 17 and requires lessees to recognize most leases on their balance sheets. This will lead to changes in key financial metrics like debt ratios and EBITDA. Lessor accounting remains substantially unchanged. The new standard takes effect from April 1, 2019 and will significantly impact sectors that rely heavily on leases.
- Author
- Akhil Khandelwal
- Language
- EN