Menu Close
Join Our Telegram Channel

(PDF) Educational Material on Indian Accounting Standards 116, Leases

The new Leases standard Ind AS 116, Leases is effective from April 1, 2019, for companies implementing Ind AS. The objective of the new Standard is to ensure that lessees and lessors provide relevant information in a manner that faithfully represents those transactions. Ind AS 116 introduces a single lessee accounting model and requires a lessee to recognise assets and liabilities for all leases with a term of more than 12 months, unless the underlying asset is of low value. The Educational Material on Ind AS 116, Leases addresses all relevant aspects envisaged in the Standard by way of brief summary of the Standard and Frequently Asked Questions (FAQs) which are being/expected to be encountered while implementing the Standard.


Download

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge

Join Our Exclusive Telegram Channel for CA Students