Our Resource Centre is a hub for all things leasing.

IFRS 16 Causes HMRC to Consider New Lease Tax Treatment

Posted by Andy Haywood on 19/08/16 10:30

The biggest change to lease accounting in 30 years is already having a large impact on lessees’ finances and now HMRC is considering whether to reform the tax treatment of plant and machinery leases.

Back to Leasing Basics: Finance Lease vs Operating Lease

Posted by Andy Haywood on 11/08/16 12:00

As it currently stands, leases are generally divided into two types. Although there are many variations and derivatives of a lease, they are usually described as either Finance Leases (also known as Capital Leases) or Operating Leases.

The Importance of an Early Lease Accounting Impact Report: IFRS 16 Example

Posted by Andy Haywood on 04/08/16 10:30

IFRS 16 and FASB ASC 842 are set to revolutionise the way companies account for their leases, which will have a knock on effect on their balance sheets, income statements, as well as impacting important financial metrics. As virtually every company that leases will be impacted, it is vital that lessees conduct an assessment of the new standards’ impact on their financial statements and operational performance as early as possible.

Changes to IFRS 16 and FASB ASC 842 Bring Forth New Opportunities

Posted by Ryan Hendrie on 28/07/16 13:30

The announcement of IFRS 16 Leases and FASB’s ASC 842 will see lease accounting change on a global scale and witness an estimated US$2.8 trillion worth of lease commitments added to balance sheets.

Industry Focus: Assessing the Impact of IFRS 16 on the Telecommunications Industry

Posted by Andy Haywood on 21/07/16 10:30

The telecoms industry is connecting people all around the globe; they are also one of the most impacted sectors by the new lease accounting standard, IFRS 16.

Technology will Play a Pivotal Role in IFRS 16 Compliance

Posted by Ryan Hendrie on 14/07/16 10:30

The announcement of the new standards has left many organisations scrambling to get to terms with the new accounting principles, revealing a problematic lack of adequate technology to help with this transition.

[UPDATED] Timeline of the Global Lease Accounting Project Milestones (Infographic)

Posted by Andy Haywood on 08/07/16 14:00

For nearly a decade, the International Accounting Standards Board (IASB) and their American counterparts the Financial Accounting Standards Board (FASB) have been deliberating and formulating a new global standard for lease accounting.

European Commission to Review Suitability of IFRS 16 Changes to Lease Accounting

Posted by Andy Haywood on 30/06/16 10:30

After a decade of deliberations and redrafts, the new lease accounting standard IFRS 16 has come under scrutiny again, this time by the European Commission to review if IFRS 16 will be conducive to the European public good.

Companies Struggling with New IFRS 16 and FASB Lease Accounting Preparations

Posted by Andy Haywood on 21/06/16 10:30

Recent research published by Ernst & Young has revealed that although 90% of companies are aware of the changes to lease accounting, only 7% have started an inventory of their current leases.

Why Is Global Lease Accounting About to Change? IFRS 16 and FASB ASU 842: Leases

Posted by Andy Haywood on 16/06/16 10:30

Cast your mind back to 2006.

Italy beat France for the World Cup Title, Google bought Youtube.com for $1.6 billion and Daniel Craig played Bond for the first time in Casino Royale. One of the most important things to happen in 2006 though, was that the “Leases” project was added to the International Financial Reporting Standards’ agenda.