There are major changes in how we account for leases as a result of the 2016 release

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There are major changes in how we account for leases as a result of the 2016 release of IFRS 16 (AASB 16 in Australia). This Standard is applicable to annual reporting periods beginning on or after 1 January 2019.

Discuss the reasons that the leasing standard has been changed. What has changed? Are there any exemptions?

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Apr 04, 2023 03:40 AM

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There are major changes in how we account for leases as a result of the 2016 release

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The primary reason for the changes to the leasing standard is to improve transparency and consistenc... View the full answer

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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