IFRS 16 lease updates - Amman | KPMG | JO

IFRS 16 lease updates - Amman

IFRS 16 lease updates - Amman

On March 16, 2016, Hatem Kawasmy the Managing Partner of KPMG Jordan held a session talking about the updates of the IFRS 16 leases and its importance, the session was held in the Jordan Securities Commission.

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 IFRS 16 lease updates - Amman

IFRS 16 lease updates - Amman

On March 16, 2016, Hatem Kawasmy the Managing Partner of KPMG Jordan held a session talking about the updates of the IFRS 16 leases and its importance, the session was held in the Jordan Securities Commission.

 Why was this session important?

  • Most companies lease assets.
  • Under IFRS 16,lessees will bring leases on balance sheet.
  • New lease definition becomes the new on/off-balance sheet test.
  • Changes many financial ratios.
  • Your stakeholders/investors will want to understand the impact on your business.

Moreover discussing Lease definition –Control The new definition increases focus on who controls the asset and may change which contracts are leases.

 

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