IFRS 16 Leases | KPMG | AE

IFRS 16 Leases

IFRS 16 Leases

The International Accounting Standards Board (IASB) has released a new standard, IFRS 16 Leases, which supersedes IAS 17 Leases. The new standard significant impacts lessees' balance sheets and income statements. Balance sheets will be more cash-rich but also more heavily indebted, impacting gearing ratios.

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Partner and Head of Accounting Advisory Services

KPMG in the United Arab Emirates

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Highlights

  • Why is it important?
  • Most companies lease assets
  • Significant impact on financial ratios 
  • Applying the new standard 
  • Balance sheet and P&L
  • Change in lease definition 
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