Leases Pre IFRS 16Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Leases Pre IFRS 16This topic has 1 reply, 2 voices, and was last updated 1 year ago by Stephen Widberg.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts June 2, 2022 at 10:24 am #657126 james8500ParticipantTopics: 68Replies: 17☆☆Trying to figure out the benefits for the investor of IFRS 16 re a question I was doing.Did entities with ‘off-balance sheet financing’ recognise the asset without recognising the lease liability before IFRS 16? Or neither?Thanks June 3, 2022 at 7:05 am #657179 Stephen WidbergKeymasterTopics: 15Replies: 3216☆☆☆☆☆Pre IFRS 16, the lessee only capitalised leases where the lease term was for the majority of asset life. So most office leases were not capitalised. Therefore the related lease debt was not on the balance sheet.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In