Transcription of Real estate leases - EY
{{id}} {{{paragraph}}}
Example: biology
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. The new standard is effective for annual periods beginning on or after1 January 2019, with limited early application Key Scope and scope Definition of a Identifying and separating lease and non-leasecomponents and allocating contract consideration42.
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 …
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document:
Related search queries
Chapter 1 CONTRACTS, Real Estate, Chapter 1 - CONTRACTS, Real Estate Settlement Procedures Act, The new revenue recognition standard - real estate, The new revenue recognition standard – real estate, CHAPTER 15 - RULES AND REGULATIONS FOR REAL ESTATE, CHAPTER 15 - RULES AND REGULATIONS FOR REAL ESTATE BROKERS