IFRS 16: The new standard for accounting for leases
IFRS 16: Leases, is the new accounting standard for recognizing, measuring, presenting and disclosing lease transactions under IFRS. The new standard eliminates nearly all off-balance sheet lease accounting and will have significant and wide impact on financial reporting and commonly used performance metrics such as, gearing ratios and EBITDA. IFRS 16 is effective January 1. [...]