Tan, Liong Tong (2016) A Review of IFRS 16 Leases. Piawaian Pelaporan Kewangan Malaysia.
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Abstract
In April 2016, the MASB issued MFRS 16 Leases that is identical to IFRS 16 Leases issued by the IASB in January 2016. The effective date of this new MFRS is 1 January 2019 with earlier application permitted for entities that also apply MFRS 15 Revenue from Contracts with Customers before that effective date. This new lease Standard introduces a new model for lessee accounting and makes some improvements to the standards in the current leases standard, MFRS 117. The new model would affect reporting entities with significant off-balance sheet leasing activities and may bring about fundamental changes to their current practice on operating leases. Hence, it is imperative that preparers and users of financial statements are aware and understand these new developments.
| Item Type: | Article |
|---|---|
| Divisions: | Government Publication > Goverment organizations |
| Depositing User: | Esam @ Hisham Muhammad |
| Date Deposited: | 02 Jan 2024 06:05 |
| Last Modified: | 02 Jan 2024 06:05 |
| URI: | http://odlsystem2.utm.my/id/eprint/4420 |
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