Leases are the business savers for companies which have shortfall in cash. Leases are generally in two categories - Operating and Finance lease but now there is a change in methodologies adopted due to adoption of new IFRS -16 modules. The concept of off balance sheet items have gone now. 

Explain the new change and its impact on financial statement analysis?

Also explain the concepts of sale and leaseback with examples?

Answer rating: 100% (QA)

New Change and Its Impact on Financial Statement Analysis The new change in lease accounting is due to the adoption of the IFRS 16 module which replac... View the full answer