Tag Archives: IFRS 16

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IFRS 16: A Return To Transparency

ArticlesBy Andre van der Merwe February 3, 2020

The 2019 financial year requires an entity that uses International Financial Reporting Standards (IFRS) to account for its lease transactions using the new standard IFRS 16, Leases. Words: Milton Segal From a financial theory perspective, the concept of leasing makes economic sense. When an entity requires the use of an asset or a resource to…

How the new lease accounting standard IFRS 16 affects financing transactions

CA Profiles, Latest NewsBy James Sibia January 30, 2017

By Lionel Shawe, Managing Partner at Allen and Overy and Lauren Tunstall, PSL at Allen & Overy On 13 January 2016, the International Accounting Standards Board (IASB) issued its new international lease accounting standards IFRS 16 Leases which removes the distinction between finance leases and operating leases for lessees with effect from 1 January 2019.…