Monthly Archive: January 2016

Jan 18 2016

IFRS 16 Leases

On January 13, 2016, the International Accounting Standards Board (“IASB”) issued International Financial Reporting Standard 16 Leases (“IFRS 16” or “the Standard”) substantially changing the manner in which lessees account for leases. IFRS 16 is effective for annual periods beginning on or after January 1, 2019. The Financial Accounting Standards Board is expected to issue …

Continue reading »

Jan 06 2016

IASB expected to issue the new lease standard on Wednesday, January 13, 2016

According to the Massachusetts Society Of CPAs, the IASB is expected to issue the new lease standard on January 13, 2016 – next Wednesday. They also expect that the FASB will issue the same standard on that day.