IFRS 16 is set to transform how companies reporting under IFRS recognise, measure, present and disclose leases. The new single lessee accounting model requires compliance from January 1st 2019 and is ...

Lease accounting has undergone significant changes in recent years, with new standards being introduced to improve transparency and comparability in financial reporting. Three major standard-setting ...

One of the main regulations governing leasing arrangements is IFRS 16. In January 2016, the International Accounting Standards Board issued a new accounting standard for leases, called IFRS 16, ...

A quiet but significant shift has been taking place in the world of recruitment agencies. As these firms scale, more of them are being drawn into the orbit of IFRS 16, the international accounting ...

On December 9, 2015, the European Financial Reporting Advisory Group (EFRAG) published a feedback report relating to a public survey undertaken by EFRAG and others in July 2015 aiming to understand ...

In order to accommodate rent holidays and temporary rent reductions due to novel coronavirus, or COVID-19, pandemic, the International Accounting Standards Board has proposed to amend accounting ...

IFRS regulations require a comprehensive relook at all such contractual terms I live in a leased townhouse and run my business from a leased office. This is likely to be the story of many people and ...

Accounting and finance organizations for many multinational businesses are currently working to create plans for two separate lease accounting standards: the Financial Accounting Standards Board’s ASC ...

These annual improvements are so sufficiently minor or narrow in scope that they were packaged in one document, even though the amendments are unrelated. Annual improvements are limited to changes ...