Transcription of Real estate leases - EY
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Real estate leases - EY
real estate leasesHow will IFRS 16 impact real estate entities?May 20161 May 2016 How will IFRS 16 impact real estate entities?ContentsHighlights The IASB has issued a new leases standard that requires tenants torecognise most rental contracts on their balance sheets. Tenants will apply a single accounting model for all rental contracts (withan exemption for short-term leases ). Landlord accounting is substantially unchanged and the IAS 17classification principle has been carried over to IFRS 16. Tenants that measure investment property at fair value will also measureleased investment property at fair value.
1 May 2016 How will IFRS 16 impact real estate entities? Contents Highlights • The IASB has issued a new leases standard that requires tenants to recognise most rental contracts on their balance sheets. • Tenants will apply a single accounting model for all rental contracts (with …
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