On December 9, 2015, the European Financial Reporting Advisory Group (EFRAG) published a feedback report relating to a public survey undertaken by EFRAG and others in July 2015 aiming to understand ...

The International Accounting Standards Board (IASB) has launched a formal post-implementation review of IFRS 16 Leases, inviting stakeholders to share their experiences and insights on whether the ...

RightRev, a leader in revenue recognition automation software, introduced today another step in expanding the power of its revenue platform. RightRev Lessor Accounting enhances the core platform by ...

The Situation: New rules for the accounting of operating leases will come into force under the International Financial Reporting Standards ("IFRS") and U.S. Generally Accepted Accounting Principles ...

Lease accounting has undergone significant changes in recent years, with new standards being introduced to improve transparency and comparability in financial reporting. Three major standard-setting ...

A lease is a form of agreement wherein, as defined by International Accounting Standard 17, a lessor conveys to the lessee, in return for a payment or series of payments, the right to use an asset for ...

IFRS 16 is set to transform how companies reporting under IFRS recognise, measure, present and disclose leases. The new single lessee accounting model requires compliance from January 1st 2019 and is ...

In early 2016, the International Accounting Standards Board released the new lease accounting standard, IFRS 16, in an effort to increase transparency around the state of a corporation’s lease ...

In order to accommodate rent holidays and temporary rent reductions due to novel coronavirus, or COVID-19, pandemic, the International Accounting Standards Board has proposed to amend accounting ...

These annual improvements are so sufficiently minor or narrow in scope that they were packaged in one document, even though the amendments are unrelated. Annual improvements are limited to changes ...