Academic Journal of Business & Management, 2023, 5(26); doi: 10.25236/AJBM.2023.052621.
Wang Han
Accounting School, Hubei University Zhixing College, Wuhan, China
Applying IFRS 16 involves significant judgements and accounting policy elections that may impact the recognition of assets and liabilities, and their measurement. This report provides an overview of IFRS 16 and makes an comparison between IAS 17 and IFRS 16. The adoption of IFRS16 would influence the financial position of companies, which will be discussed in details in the report. Even though the issue of IFRS16 would affect the cash flow as well, this report would rarely focus on the part. Besides, the issue of IFRS16 also has impact on Chinese Accounting Standards (CAS21), which would be mentioned in the last part in the report.
IFRS16; CAS21; Changes on Financial Position
Wang Han. Leases and the Conceptual Framework. Academic Journal of Business & Management (2023) Vol. 5, Issue 26: 136-140. https://doi.org/10.25236/AJBM.2023.052621.
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