If you think a lease is 'just renting,' you will hit a wall at closing | Three pitfalls of IFRS 16

Lease? That's just renting a car or office space, right? You just pay every month and treat it as an expense.'It is not ...
JD Supra

Covenants Reconsidered In Preparation for New Lease Accounting Rules (ASC 842; IFRS 16)

A joint effort by the Financial Accounting Standards Board (“FASB”) and the International Financial Reporting Standards Foundation (“IFRS”) will fundamentally reset the accounting treatment of leases ...
JD Supra

New IFRS and U.S. GAAP Lease Accounting Rules Impact M&A Transactions

The Situation: New rules for the accounting of operating leases will come into force under the International Financial Reporting Standards ("IFRS") and U.S. Generally Accepted Accounting Principles ...

What is the New Lease Accounting Standard

Starting in April 2027, a new accounting standard will take effect that, while subtle, will have a significant impact on ...
Accounting Today

Differences between the FASB and IASB lease accounting standards, and how companies can prepare for both

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 ...
Property Week

Anyone dealing with leases needs to understand impact of IFRS 16

IFRS 16 – the biggest change in property reporting in a generation – is now a requirement for companies after it was approved by the EU last year. From January 2019, operating leases will no longer be ...