Leases (AASB 16)

Name: Leases (AASB 16)
Uploaded: 2023-03-13T18:03:03.000Z
Duration: 5043 s
Description: Got clients with leases - even if it's just for a photocopier? Learn about the updated standard for lease accounting, AASB 16.

By Alastair Abbott

1h 24m CPD time

Intermediate

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Learn about the updated standard AASB 16 Leases, which came into effect from 1 January 2019, and how it is different to the previous standard (AASB 117).

This session covers:

Overview of the standard and entities impacted
What is the definition of a lease?
Are there exceptions?
Accounting entries
How is the standard implemented?

Date recorded: 14 March 2023