Interest Rate Implicit in the Lease under IFRS 16 Explained

Interest Rate Implicit in the Lease under IFRS 16 Explained

1. What is the implicit interest rate under IFRS 16? Implicit rate: ASC 842 vs. IFRS 16 2. Example: Calculate the interest rate implicit in a lease under IFRS 16 3. Accounting for COVID-19 lease concessions example 4. Summary 5. Related articles What is the implicit...
Lease Accounting: What Are the New Challenges for Lessees?

Lease Accounting: What Are the New Challenges for Lessees?

1. Why the new standards pose major challenges 2. The impact of failing to comply 3. Why the boards updated the standards How ASC 842 and IFRS 16 will improve financial reporting: 4. Regulation timeline 5. Lessee accounting: What has changed? Lease accounting under...