Leasing

IFRS 16: New rules for leases

IFRS 16, which came into force in January 2019, represents a significant change in the accounting of leases. The standard was developed by the International Accounting Standards Board (IASB) to increase the transparency and comparability of financial reporting. Prior to the introduction of IFRS 16, companies had to distinguish between operating leases and finance leases, which often led to an incomplete presentation of financial obligations. With the new regulation, a [...]

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Lease accounting: new rules and effects

Lease accounting is a key aspect of accounting that is of great importance to companies. It refers to the way in which leases are recognised and reported in a company's financial statements. Leasing is a widely used form of financing that allows companies to utilise assets without acquiring them directly. This can be particularly beneficial for companies that want to preserve their liquidity while gaining access to modern technologies.

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What is GASB 87 Leasing?

The new GASB 87 lease accounting standard is a significant change in accounting for government agencies and government organisations. The Governmental Accounting Standards Board (GASB) developed this standard to improve the recognition and presentation of leases in the financial statements of governmental entities. GASB 87 became effective on 15 December 2019 and has a significant impact on the accounting and financial reporting of government entities. The new standard replaces GASB 13 and introduces significant

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Retrofitting charging stations for electric cars in commercial properties

Electromobility is on the rise and is becoming increasingly important. More and more people are opting for an electric car, whether for environmental reasons or due to rising petrol prices. Companies are also increasingly recognising the advantages of electric vehicles and investing in their own electric fleets. This is also accompanied by the need to provide charging stations for these vehicles. The retrofitting of charging stations in commercial properties offers numerous advantages for companies and the environment.

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What is the difference between operating leasing and finance leasing?

Leasing is an important financing method for companies, especially those that need to make large investments but do not have sufficient capital. It allows them to use assets such as machinery, vehicles or property without having to buy them. There are different types of leases, including operating leases and finance leases. In this article, we will explore the differences between these two types of leases and analyse their impact on businesses. Key Takeaways

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IFRS 16 Leasing: What companies need to know about the new regulations

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

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Leasing discount: How you can benefit from the flexibility of leasing

Leasing is a popular financing option for businesses as it allows them to use the equipment they need without having to buy it. It offers many advantages, such as lower initial costs and flexibility when upgrading equipment. An important regulation in Germany that supports companies in the use of leasing is the Leasing Decree. In this article, we will provide a detailed overview of the Leasingerlass and how it works. What

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IFRS 16 example: How the new lease accounting changes financial reporting

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

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IFRS 16 Leasing: What you should know about the new regulations

IFRS 16 Leases is an international accounting standard that governs the accounting treatment of leases. This standard was developed by the International Accounting Standards Board (IASB) and came into force on 1 January 2019. IFRS 16 Leases is of great importance to companies as it changes the way in which leases are recognised in the financial statements. It is therefore important that companies develop an understanding of IFRS 16 Leases in order to recognise the

IFRS 16 Leasing: What you should know about the new regulations Read more »

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