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    Can you capitalize rental expenses of land?

    by Silvia

    Can you capitalize rental expenses of land under IFRS? And what about the rental of the temporary offices? Find out here!

    Non-current Assets 27
    IFRS 16 Discount rate

    How to determine the discount rate for lessees under IFRS 16?

    by Silvia

    Can you use the same incremental borrowing rate for all your leases under IFRS 16? Why can’t you use your own implicit rate in the lease if you are a lessee? Learn here!

    Provisions and Other Liabilities 39
    IFRS 16 lease term

    What is the lease term of cancellable property rental contracts under IFRS 16?

    by Silvia

    What is the lease term under IFRS 16? How to account for definite or indefinite lease term with 2-months notice period? Learn here.

    Provisions and Other Liabilities 43
    Variable Lease Payments IFRS16

    How to account for rentals depending on inflation and future sales?

    by Silvia

    What if your lease payments depend on future sales, inflation, use of the asset, interest rate or other things – what should you do? How should you account for them under IFRS 16? Find out here!

    IFRS Videos, Provisions and Other Liabilities 35

    How to present leases under IFRS 16 in the statement of cash flows (IAS 7)

    by Silvia

    How to incorporate leases under IFRS 16 into the statement of cash flows – solved example with video.

    Financial Statements, IFRS Videos, Provisions and Other Liabilities 25

    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 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 36
    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 280
    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
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