Rethinking Lease Accounting and How It May Impact Your Company

Rethinking Lease Accounting and How It May Impact Your Company


April 2016

The International Accounting Standards Board (the Board) on 13 January 2016 issued a new accounting standard, called IFRS 16 Leases. It replaces accounting requirements introduced more than 30 years ago that are no longer considered fit for purpose and is a major revision of the way in which companies account for leases. Leasing provides an important and flexible source of financing for many companies. However, the old lease accounting Standard (IAS 17 Leases) makes it difficult for investors and others to get an accurate picture of a company’s lease assets and liabilities. During this session you will gain insights on the new standard and implications for your enterprise.

Keywords: 2016 Singapore Summit, APAC, Singapore2016, lease, The International Accounting Standards Board (the Board), IFRS 16 Lease

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