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    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 33

    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

    032: 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!

    Podcasts, Provisions and Other Liabilities 39

    008: 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.

    Podcasts, Provisions and Other Liabilities 43
    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 279
    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 71
    IFRS 16 Leases

    IFRS 16 Leases – Summary

    by Silvia

    In January 2016, the new standard about lease accounting IFRS 16 was issued and it introduced a few major changes. The most significant are: New definition of the lease can cause that some contracts previously treated as “service contracts” can now be treated as “lease…

    IFRS Videos, Provisions and Other Liabilities 194
    IFRS 16 Leases

    IFRS 16 Leases vs. IAS 17 Leases: How the lease accounting changed

    by Silvia

    In January 2016, IASB issued another important and long-discussed standard: IFRS 16 Leases that will replace IAS 17. Ever since then I receive lots of e-mails asking me to sum up what’s new. OK, so here you go. In this article, you’ll learn about the…

    Most popular, Provisions and Other Liabilities 251
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