Basic comprehension of the new leases standard - IFRS 16 Leases
CMA Dr.Mahalakshmi.N
, CA Prabha Prakash
Lease contract, lease liability, Lease term , incremental borrowing rate, right of use asset.
Accounting for leases, or lessee accounting has undergone a significant change with the introduction of IFRS 16 Leases. This is a fresh change and the recognition of right of use asset, lease liabilities and their amortization with specified disclosures are sure to bring in a lot of transparency and clarity to the financial statements, thereby resulting in better and informed choices of the investors relying on annual reports. The financial statements of Reliance Industries (extract) has been used to understand the changes before and after adoption of this standard. The study focuses and reflects on the impact of bringing in an off balance sheet item to the face of the financial statements and its effect on its comprehension by different stakeholders
"Basic comprehension of the new leases standard - IFRS 16 Leases", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.7, Issue 3, page no.879-892, March-2022, Available :https://ijnrd.org/papers/IJNRD2203110.pdf
Volume 7
Issue 3,
March-2022
Pages : 879-892
Paper Reg. ID: IJNRD_180711
Published Paper Id: IJNRD2203110
Downloads: 000118819
Research Area: Commerce
Country: Palakkad , Kerala, India
ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJNRD (IJ Publication) Janvi Wave
