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Operating Leases
Found 2 free book(s)
IFRS 16 “Leases” Ait Assance
www2.deloitte.comThe issuance of IFRS 16 Leases has resulted in a significant number of companies expecting to see material changes in the presentation of their financial statements as a result of bringing operating leases onto the balance sheet and changing the way in which expenses are recorded in the income statement.
Leases (Topic 842) - FASB
asc.fasb.orgFor operating leases, a lessee is required to do the following: 1. Recognize a right-of-use asset and a lease liability, initially measured at the present value of the lease payments, in the statement of financial position 2. Recognize a single lease …