Lease Accounting
From 1 January 2019 IFRS 16 became applicable in Canada for certain companies. This standard prescribes new principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract.
Key changes introduced by IFRS 16 are
We at D Arora & Co can help you implement and maintain compliance with this standard on an ongoing basis. Our approach for implementation is as follows:
