The end of the Operating Lease

The new lease standard, IFRS 16, will radically change the accounting treatment of most leases.

New rules could result in significant changes for any business that leases its premises or other significant assets.

The International Accounting Standards Board (IASB) has just issued IFRS 16 Leases that effectively abolish the concept of the operating lease and treat all leases as finance leases.

Crowe-Horwath-End-of-Operating-Leases-Audit-WhitePaper-Jan-2016

 

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