Power & Utilities: Implications of the new leasing standard has been saved
Perspectives
Power & Utilities: Implications of the new leasing standard
Point of view
The International Accounting Standards Board (IASB) has published IFRS 16 Leases.
How will this affect power and utility companies?
What is IFRS 16 Leases?
The International Accounting Standards Board (IASB) has published IFRS 16 Leases. For lessees, IFRS 16 introduces a single accounting treatment, recognition of a right-of-use asset and a lease liability. For lessors the current finance and operating lease distinction and accounting remains largely unchanged.
Putting IFRS 16 into context
More detailed information on the new Standard can be found in Deloitte's need to know publication, at www.ukaccountingplus.co.uk
