Mar 01, 2019: An announcement by HM Revenue and Customs providing clarity about the tax treatment of hundreds of thousands of personal contract purchase (PCP) and similar contracts in the UK has been welcomed by the industry. The briefing note follows a Europea...

 

Jan 28, 2019: Accountancy firm Grant Thornton has launched a web-based application called LeaseCom Analytics (LCA), which is designed to help public and private companies adjust to the Financial Accounting Standards Board’s (FASB’s) new lease accounting standard...

 

Jan 17, 2019: Under IAS17, operating leases result in financial (monetary) obligations being set off in the income statement at the daily rate or, most commonly, the average monthly rate. Under IFRS16, the interest and redemption components are derived from the...

 

Oct 31, 2018: With the introduction of IFRS16 - Leases, issued by the International Accounting Standards Board (IASB), operating leases will be included in the balance sheet no later than January 1, 2019. The dilemma for institutions with operating leases in fo...

 

Jun 05, 2018: In all the furore over the new IFRS 16 rules for lease accounting, another important new accounting standard that could have a significant impact on the European leasing industry has slipped in relatively quietly. For lessors using international a...

 

Mar 06, 2018: Companies face being "overwhelmed" with the requirements of the new IFRS 16 accounting standard unless they launch their preparation strategies now, industry experts have warned. The new standard, IFRS 16 – Leases, was issued by the International ...

 

Feb 06, 2018: The leasing industry in the UK – and throughout Europe – is changing.  Driven in part by the upcoming change in accounting rules, which is pushing companies to reassess their leasing strategies, companies are focused on generating significant ...

 

Nov 17, 2017: Leaseurope has called for restraint in the roll out of new international accounting standards after they received EU approval. The international lease accounting standard IFRS 16 received official endorsement last week and is set to become mandato...

 

Jul 07, 2017: The leasing industry has been warning for years that IFRS16 will have unwanted side effects on the market and it is now becoming clearer what they are. Despite all the efforts and reassurances by the IASB that comparability, reliability and rele...

 

Apr 12, 2017: The European Financial Reporting Advisory Group (EFRAG) has issued a positive statement on IFRS 16, the new lease accounting standard. ...