IFRS 16 LEASES Potential impact on key sectors Introduction Modern business environment is becoming increasingly complex. To succeed in these circumstances, the firms aim at growth with stability. Internal and external sources of finance are insufficient to cater the needs of expansion, diversification and modernisation. Leasing is an important and widely used financing solution. It […]

Differences between IFRS 16 and IAS 17 Leases Key differences Area IAS 17 IFRS 16 Classification of lease by lessee Lessees account for lease transaction as operating or finance lease depending on rules and tests of classification. Lessees to recognise nearly all leases on the balance sheet which will reflect their right-to-use an asset for […]