IFRS 16 ‘Leases’ applies to most entities reporting under IFRS Accounting Standards that engage in leasing transactions and often has a significant impact on lessees’ financial statements, particularly in relation to property and high‑value equipment.
Our Insights into IFRS 16 series summaries key areas of the standard and aims to demystify those key requirements that are challenging to apply in practice.
124 articles available
The final part of this series on Step 4 of the impairment review on estimating the recoverable amount, discusses how to estimate an appropriate discount rate in value in use (VIU) calculations.
Introducing IFRS 8, key implementation issues and interpretational guidance in certain problematic areas.
Accounting for Cloud Computing or Software as a Service (SaaS) arrangements.
The second of a three-part series on cash-generating units (CGUs), this article discusses how to allocate assets to CGUs,
The third of a three-part series on cash-generating units (CGUs), this article discusses how to allocate goodwill to CGUs,
This article, part of the IAS 36 series, discusses how to identify cash-generating units (CGUs).
The auditor’s response to the risks of material misstatement arising from estimates made in applying IFRS 17 ‘Insurance Contracts’
This article looks at the scope of the impairment review (ie the types of assets that are included) and how it is structured (ie the level at which assets are reviewed).