• Service: Audit, Accounting Advisory Services, International Financial Reporting Standards (IFRS)
  • Type: Regulatory update
  • Date: 22/05/2013

IFRS In the Headlines

IFRS In the Headlines
In the Headlines (formerly IFRS Briefing Sheets) provide a timely update on International Financial Reporting Standards (IFRS) developments.

Leases (2013/08) 

This issue of In the Headlines discusses the latest exposure draft on leases that aims to bring most leases on balance sheet for lessees. 
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Under the new proposals, a dual model would be applied, based on a new lease classification test, which would determine the profile of lease income and expense recognition over the lease term.