Amendments

Proposed amendments to sale-and-leaseback. How ready are you?

In mid-2020, the IFRS Interpretations Committee (IFRS IC) received a question on how to measure a lease liability and right-of-use (ROU) asset on a sale-and-leaseback transaction with fully variable payments. You might be wondering what sparked this question in the first place. Well, IFRS 16 prohibits the inclusion of variable lease payments (except for those […]
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Inside the new IFRS 17 amendments (insurers, take note)

The International Accounting Standards Board (IASB) has recently published its proposed amendments to IFRS 17 Insurance Contracts. The amendments seek to make it easier for insurers worldwide to implement IFRS 17, a standard aiming to improve comparability in the sector, increase transparency on business profitability, and generate more insights on individual fi […]