IFRS 16 – LEASES - REASONS AND IMPACTS ON FINANCIAL STATEMENTS IN REALITY

Paper Id:	IJARW1753
Title:	IFRS 16 – LEASES - REASONS AND IMPACTS ON FINANCIAL STATEMENTS IN REALITY
Published in:	International Journal Of All Research Writings
Publisher:	IJARW
ISSN:	2582-1008
Volume / Issue:	Volume 4 Issue 5
Pages:	3
Published On:	12/5/2022 9:21:39 PM (MM/dd/yyyy)

Name:	Duong Thu Minh
Institute:	Thai Nguyen University of Economics and Business Administration

Author Name	Author Institute

Research Area:	Accounting, Banking
KeyWord:	International Financial Reporting Standard (IFRS), IFRS 16, Leases, financial statements.
Abstract:	International Financial Reporting Standard (IFRS) 16 is the most fundamental accounting change for leases in more than 30 years. Accordingly, IFRS 16 removes the classification and accounting of operating and financial leases for lessees and requires lessees to record most leases on the balance sheet. When applying IFRS 16, the lessee will record more leased assets and lease liabilities on the balance sheet, increasing transparency about the effects of lease liabilities and comparability of financial statements. Applying IFRS 16 will not only affect financial results, but may also require changes in corporate information systems to meet reporting needs in accordance with international standards.

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IEEE	Duong Thu Minh, "IFRS 16 – LEASES - REASONS AND IMPACTS ON FINANCIAL STATEMENTS IN REALITY", International Journal Of All Research Writings, vol. 4, no. 5, pp. 63-65, 2022.
MLA	Duong Thu Minh "IFRS 16 – LEASES - REASONS AND IMPACTS ON FINANCIAL STATEMENTS IN REALITY." International Journal Of All Research Writings, vol 4, no. 5, 2022, pp. 63-65.
APA	Duong Thu Minh (2022). IFRS 16 – LEASES - REASONS AND IMPACTS ON FINANCIAL STATEMENTS IN REALITY. International Journal Of All Research Writings, 4(5), 63-65.

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Manuscript
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Indian National Centre, India National Science Library, NISCAIR

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