IFRS 16

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May 28, 2021 at 3:41 am #621966
Noah098
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The IFRS 16 standard will reduce complexity in financial statements as it should allow comparisons to be made between those companies who lease assets and those who borrow to buy assets.
sir can you please explain the above line? Its related to off balance sheet leases and IFRS 16.
May 28, 2021 at 11:05 am #622024
Stephen Widberg
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Whether you lease or buy on credit…………………you will always recognise a liability.
Therefore gearing is more accurately represented.
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