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IFRS 16 Leases: Key Changes and Impact by Jean Leong is a document available to read on EtoBox.

IFRS 16 establishes new accounting standards for both lessees and lessors regarding the identification and treatment of leases. For lessees, IFRS 16 eliminates the classification of leases as either operating leases or finance leases and instead requires all leases to be brought onto the balance sheet. It allows for some exemptions for short-term and low-value leases. For lessors, the accounting remains similar to existing standards with a distinction between operating and finance leases. IFRS 16 takes effe

Author

Jean Leong

Language

EN