Pros and Cons of New IFRS Lease Accounting Standard

By Rorisang Mzozoyana | June 9, 2020
Lessee financial reporting will be significantly affected by a new IFRS lease accounting standard that will be effective from 1 January 2019. The new rules will affect almost all leases of movable and immovable assets save for certain leases such as leases to explore for or use minerals, oil, natural gas or similar non-regenerative resources and leases of biological assets and licenses of intangible assets. Read more here.