International Financial Reporting Standards

IFRS 16 Leases: What Companies Need to Know About the New Regulations

The International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB). One of the latest standards is IFRS 16, which came into effect in January 2019. This standard has significant implications for the accounting of lease agreements and is therefore of great importance to companies. What is IFRS 16 and why was it introduced? IFRS 16 is an accounting standard, [...]

CAFM-Blog.de | IFRS 16 Example: How the New Lease Accounting Changes Financial Reporting

IFRS 16 Example: How New Lease Accounting Changes Financial Reporting

December 18, 2023

The International Financial Reporting Standards (IFRS) are internationally recognized accounting standards applied by companies worldwide. One of the latest standards is IFRS 16, which concerns the accounting of lease agreements. This standard was developed to improve the transparency and comparability of financial information and to provide investors with a better basis for their decisions. In this article, we will take a closer look at IFRS 16 and

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