Right of Use Asset

Impairment of leases… think outside the box!

In my last article I discussed impairment considerations regarding the new IFRS standard—IFRS 16 Leases—and its implications for a lessee. In this article I would like to show you one more consideration regarding the impairment of leases which may not be so apparent at first glance. Additionally I’ll discuss the accounting treatment of an impairment of lea […]

How does impairment look under IFRS 16 Leases?

As we’ve seen over the last few months, IFRS 16 has brought about a lot of changes to the existing treatment of leases, especially for lessees. Probably everyone, even if not significantly affected by this accounting standard, remembers at least the most important change: in many cases the lessees will now have to recognize their operating lease on balance she […]

IFRS 16 Leases: what’s the big deal?

In fact, there isn’t just one big deal, but several little deals, and this is exactly why this standard is so complex. With each page you turn and brochure you read, another exception, complexity, or exemption is revealed. Currently IFRS 16 is all the rage and, if you’re not talking about it, you probably feel like you’re missing something. Why? What is […]