- This topic has 1 reply, 2 voices, and was last updated 8 months ago by .
- You must be logged in to reply to this topic.
PQ Awards Nominations
Please help us to win one of the PQ Magazine awards and send in the voting form >>
You can nominate us in any or all of the following categories: Online College of the Year, Study Resource of the Year, Private Sector Lecturer of the Year, and Accountancy Personality of the Year.
Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>
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?
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.