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