IFRS 16 example: How the new lease accounting changes financial reporting
The International Financial Reporting Standards (IFRS) are internationally recognised accounting standards that are applied by companies all over the world. One of the latest standards is IFRS 16, which relates to lease accounting. This standard was developed to improve the transparency and comparability of financial information and to give investors a better basis for their decisions. In this article, we will take a closer look at IFRS 16 and [...]
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