AASB 16 is a new accounting standard that impacts the way operating leases are accounted for on a company’s balance sheet. Your accounting systems and processes should have started catering for the changes well ahead of the 1 January effective date, due to the possible impacts. ...
CEffectivedateandtransition DAmendmentstootherStandards DELETEDIFRS16TEXT AVAILABLEONTHEAASBWEBSITE Illustrativeexamples BasisforConclusionsonIFRS16 AustralianAccountingStandardAASB16Leasesissetoutinparagraphs1–Aus103.1andAppendicesA–D.All theparagraphshaveequalauthority.Paragraphsinboldtypestatethemainpriples.Termsdefi...
Effective Date and Transition Transition C2 – C6 References to AASB 9 C7 AUSTRALIAN APPLICATION GUIDANCE DELETED IFRS 10 TEXT BASIS FOR CONCLUSIONS ON PARAGRAPH Aus4.1 (see Basis for Conclusions on AASB 2011-5) BASIS FOR CONCLUSIONS ON IFRS 10 (available on the AASB website) Australian ...