Search results with tag "Accounting for leases"

IFRS 16 Leases Project Summary and Feedback Statement

US national standard-setter, the Financial Accounting Standards Board (FASB), initiated a project to improve the accounting for leases. The IASB and the FASB agreed that a customer (lessee) leasing assets obtains an asset and typically also a liability at the start of a lease. However, applying previous lease accounting requirements, most leasing

  Standards, Accounting, Lease, Accounting for leases