Interest Rate Implicit in the Lease under IFRS 16 Explained

Interest Rate Implicit in the Lease under IFRS 16 Explained

What is the implicit interest rate under IFRS 16? Implicit rate: ASC 842 vs. IFRS 16 Example: Calculate the interest rate implicit in a lease under IFRS 16 Accounting for COVID-19 lease concessions Example Summary Recent articles What is the implicit interest rate...
Lease Accounting: What Are the New Challenges for Lessees?

Lease Accounting: What Are the New Challenges for Lessees?

The impact of failing to comply Why the boards updated the standards – it’s all about transparency How ASC 842 and IFRS 16 will improve financial reporting: Regulation timeline Lessee accounting: What has changed? Lease accounting under the old standards, ASC 840 and...