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NewsDay

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Navigating lease Accounting Changes

Business
The IASB published IFSR16 'Leases' which completed its long- running project on lease accounting periods after 1 January 2019, requires lessees to account for leases ón balance sheet'by recognising a 'right of use' asset and a lease liability.

The IASB published IFSR16 ‘Leases’ which completed its long- running project on lease accounting periods after 1 January 2019, requires lessees to account for leases ón balance sheet’by recognising a ‘right of use’ asset and a lease liability.

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