Description: IFRS 16 Leases – A more transparent balance sheet from KPMG What’s new in IFRS 16? At the simplest level, the accounting treatment of leases by lessees will change fundamentally. IFRS 16 eliminates the current dual accounting model for lessees, which distinguishes between on-balance sheet finance leases and off-balance sheet operating leases.
Description: IFRS 16 Leases requires lessees to recognise new assets and liabilities under an on-balance sheet accounting model that is similar to current finance lease accounting.. Key metrics will be affected by the recognition of new assets and liabilities, and differences in …
Description: The new leases standard – IFRS 16 – will require companies to bring most leases on-balance sheet from 2019. At that time, the accounting treatment of leases by lessees will change fundamentally. For some, the new standard will have a significant impact on their financial KPIs and their systems and processes.
Description: first-time adopter of IFRS. IFRS 16 . Leases. This supplement focuses on the disclosure requirements in IFRS 16 . Leases, which are due to become effective for annual periods beginning on or after 1 January 2019. It provides IFRS 16 disclosure examples and explanations as a supplement to the September 2017 guide; as such, this supplement is not
Description: The topics noted here are already available, with more coming out over the coming months. Together, they will form our new handbook on accounting for leases under IFRS. Click to enlarge graphic. You may also like to listen to our IFRS Today podcasts and follow KPMG IFRS on LinkedIn to hear about future updates. home.kpmg/leaseshandbook
Description: @ 2019 KPMG Advisory N.V., registered with the trade register in the Netherlands under number 33263682, is a member firm of the KPMG network of independent member firms affiliated with IFRS 16 …
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