Contact us today on 01227 373392 /

New lease accounting rule brings $3trn onto company balance sheets

Companies in more than 100 countries will be forced to bring around $3 trillion of lease commitments onto their balance sheets in a major overhaul of international accounting rules governing how companies should report their leasing obligations. Accounting standard setter the IASB today published IFRS 16 Leases, which requires companies to bring most leases on-balance sheet for the first time, recognising new assets and Read More