Simple SAP Solution for IFRS16 (New Lease Accounting Standard)
What is IFRS16? IFRS16 is the new International Accounting Standard for recognising, measuring, presenting and disclosing Leases. IFRS16 replaces IAS17 whereby only Financial (Capital) leases were disclosed as Assets with a corresponding Liability on the Balance Sheet. Operating Leases were treated as renting whereby lease payments were reported as an expense in the Profit &…
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