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Question 3 The new Leases Standard (i.e. IFRS16) will provide much needed transparency on companies...

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Accounting

Question 3

The new Leases Standard (i.e. IFRS16) will provide much needed transparency on companies lease liabilities, meaning off-balance sheet financing is no longer lurking in the shadows.

  • Hans Hoogervost, IASB Chairman

YOU ARE REQUIRED TO:

Discuss critically the benefits and implications of the new Leases Accounting Standard, IFRS16. (maximum word count 500 words)

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