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 ...

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 ...

Following FASB’s issuance of Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842), in 2016, GASB issued Statement No. 87, Leases, in June 2017, to become effective for reporting periods ...

Henri Heinola, Senior Valuation Consultant at Globalview Advisors shares insights on the impact of IFRS 16 has on business valuations and outlines what accountants need to be aware of. IFRS 16 ...

New requirements that will bring lease assets and liabilities onto company balance sheets are expected to be issued in early 2016 after FASB voted 6–1 Wednesday to send its leases standard for final ...

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, ...

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 ...

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 ...

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 ...