IFRS 16: No More Off-Balance Sheet Leases?

On 13 January 2016, the International Accounting Standards Board (IASB) has issued a new ‘leases’ standard- IFRS 16, Leases.  The standard requires lessees to recognise most leases on their balance sheets, thus, resulting in increase in the assets and liabilities presented on the balance sheet.Accounting of lease for lessors remains substantially unchanged, i.e., for lessors,... Continue Reading →


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