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    Example: Leases under IFRS 16 during COVID-19

    by Silvia

    The pandemics of coronavirus, or COVID-19 has been here for a while and after the first shock of its quick spread and effect on people’s health, we are all seeing its economic consequences. In order to stop the spread, governments in many countries ordered complete…

    Provisions and Other Liabilities 69

    Adopting IFRS 16 – What Is The Best Option For You?

    by Silvia

    Let’s compare different transition options that you have when adopting IFRS 16 in your company. Let’s see what they are, which one is easier and which one has the smallest impact on your equity.

    Financial Statements, Provisions and Other Liabilities 44

    IFRS 2 – How to Calculate Fair Value for Share Based Payments

    by Silvia

    Note: This article is a guest post and its author asked me not to reveal his name, so he stays anonymous. IFRS 2 Share-based Payment (the “Standard”) is the financial reporting standard dealing with share based payments. It was first introduced in 2005, and is…

    Provisions and Other Liabilities 2

    IFRS 2019 Update: Major changes you should be aware of

    by Silvia

    Here we go again – another year has started and a number of changes or amendments of IFRS came into effect. I am pretty sure that you are aware of the biggest ones like new IFRS 16, but let me sum up all the new…

    Accounting Policies and Estimates, Consolidation and Groups, Financial Instruments, Financial Statements, Provisions and Other Liabilities, Revenue Recognition 37

    Tax Reconciliation under IAS 12 + Example

    by Silvia

    When I was an audit freshman, my least favorite task was to prepare the income tax reconciliation. I frankly hated it. Why? The main reason was that I did not understand the purpose of it. For me, it seemed like a bunch of numbers and…

    Provisions and Other Liabilities 101
    IFRS 16 Implementation Example

    Example: How to Adopt IFRS 16 Leases

    by Silvia

    In my last article I tried to outline the strategy and your choices when implementing the new lease standard IFRS 16 Leases. I am grateful for many responses and comments I got from you. Almost all e-mails I received from you asked me to publish…

    Provisions and Other Liabilities 283
    IFRS 16 Implementation

    How to Implement IFRS 16 Leases

    by Silvia

    The new lease standard IFRS 16 is exactly one of these earthshaking things that can make your head spin around. Well, especially if your company uses the operating lease as an effective tool of getting your assets quickly with relatively low risk. I wrote a…

    Provisions and Other Liabilities 57

    Troubles with IFRS 16 Leases

    by Silvia

    The new lease standard IFRS 16 can initially cause some troubles to the affected companies, because it introduces huge changes in the lessee’s accounting for leases. It was issued in January 2016 and we have to apply it for the periods starting 1 January 2019…

    Provisions and Other Liabilities 72
    IFRS 16 Leases

    IFRS 16 Leases Explained: Full Guide + Free Video & Checklist

    by Silvia

    Updated: May 2025 IFRS 16 changed lease accounting forever. Lessees now bring almost all leases onto the balance sheet — no more hiding operating lease liabilities in the footnotes. In this guide, you’ll learn how IFRS 16 works in practice, including main rules, two free…

    IFRS Videos, Provisions and Other Liabilities 201
    IFRS Decommissioning

    How to Account for Decommissioning Provision under IFRS

    by Silvia

    When a company acquires certain types of long-term assets, it sometimes has an obligation to remove these assets after the end of their useful lives and restore the site. Typical example of such an asset is an oil rig or a nuclear power plant. When…

    Provisions and Other Liabilities 104
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