International Financial Reporting Standards Foundation: IASB Proposes Amendment to Its Leases Standard to Improve Accounting for Sale, Leaseback Transactions
November 28, 2020
November 28, 2020
LONDON, England, Nov. 28 -- The International Financial Reporting Standards Foundation issued the following news release on Nov. 27:
The International Accounting Standards Board has today proposed to amend IFRS 16 Leases by specifying how a company measures the lease liability in a sale and leaseback transaction.
Sale and leaseback transactions are transactions for which a company sells an asset and leases that same asset back from the new owner.
IFRS 16 in . . .
The International Accounting Standards Board has today proposed to amend IFRS 16 Leases by specifying how a company measures the lease liability in a sale and leaseback transaction.
Sale and leaseback transactions are transactions for which a company sells an asset and leases that same asset back from the new owner.
IFRS 16 in . . .