Lease Accounting for Property
This presentation provides an overview of lease accounting in the property sector, focusing on compliance with IFRS 16 and ASC 842 standards. It explains the shift from traditional lease classification to the mandatory capitalization of most leases o
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Presentation Transcript
Lease Accounting for Property Presented by EXO Edge
What is Lease Accounting? Lease accounting involves the process of recording and reporting lease transactions in financial statements. Key Standards: IFRS 16 (International) ASC 842 (US GAAP) Lease Types: Operating Lease: Off-balance-sheet prior to IFRS 16/ASC 842. Finance Lease (Capital Lease): Asset and liability recorded on balance sheet.
Key Accounting Changes Under IFRS 16 & ASC 842 All leases (except short-term/low-value) must be capitalized. Lessees recognize: Right-of-Use Asset Lease Liability Impacts: Increased transparency on lease obligations. Affects financial ratios and disclosures.
EXO Edges Lease Accounting Expertise Accurate Lease Classification System Integration for Automated Lease Tracking Compliant Financial Reporting Customized Advisory Services for IFRS/ASC Standards
