Lease Accounting – Aspects No One is Talking About

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• Lease Accounting Aspects No One is Talking
  About

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Content
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Introduction

• Ind AS 116 Leases, has already become effective
  for Companies from April 1, 2019. For listed
  Companies, this means that the results they
  declare for Q1 2019 must factor the effect of the
  new lease standards. Whereas the unlisted
  Companies have time till the declaration of their
  annual results for the adoption of the Standard.

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Short term leases or Underlying asset value is
low (optional
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Impact on transition
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Treatment on cash flows 
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Discount rate
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Conclusion

• IFRS 16 regularly changes the whole activity of
  accounting of leases (one who has taken anything
  on lease).  Four components that make the right
  use of assets under IFRS 16 are amount of lease
  liability, lease payments made in advance,
  initial direct costs, and estimate of costs of
  dismantling asset and restoring the site if borne
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