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Operating Lease

New Lease Accounting Standard IFRS 16

What effect will the New Lease Accounting Standard have on businesses? In Australia most businesses undertake some form of leasing activity. This can be renting an office or leasing finance vehicles and equipment. To date a number of these lease arrangements have been classified as operating leases. As an operating lease they have not been recorded on the balance sheet of the business. Instead they have been recorded as an… Read More »New Lease Accounting Standard IFRS 16