20 years: Chartered accountant & educator
The main impact of IFRS 16 Leases is on lessee accounting. Saket explains the extent of this impact in terms of comparing it to IAS 17 Leases, the accounting model and the performance metrics.
The main impact of IFRS 16 Leases is on lessee accounting. Saket explains the extent of this impact in terms of comparing it to IAS 17 Leases, the accounting model and the performance metrics.
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2 mins 51 secs
The main impact of IFRS 16 Leases on lessee accounting. Whilst the impact on lessor accounting is minimal, there are additional disclosure requirements. The transition to IFRS 16 primarily affects financial and performance metrics, for example, EBITDA and financing cash flows. Two main methods can be utilised in transition, these are the modified and full retrospective approaches.
Key learning objectives:
Outline the requirements of IAS 17
Learn how IFRS 16 differ from IAS 17
Understand the impact of transition to IFRS 16 Leases
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The transition to IFRS 16 has an impact on:
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