Executive Summary Since April 2019, due to the introduction of IFRS 16 / Ind AS 116 – Leases, there has been a significant change in the way leases are accounted for, especially by the lessees. As per the earlier leasing standard, lessees were required to account for lease transactions as operating or finance lease depending […]

IFRS 16 & ASC 842 – LEASES FREQUENTLY ASKED QUESTIONS (FAQs)