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MSSF/IFRS 16 – a few words on the new standard (part 5)

15 March 2018
Piotr STASZKIEWICZ
Previously, we focused on the establishing of the starting value of the right to use an asset. We have mentioned the fact that the value of the obligation should be discounted. And how to calculate the discount? What rate of discount to apply?

MSSF/IFRS 16 – a few words on the new standard (part 4)

8 March 2018
Piotr STASZKIEWICZ
In the previous parts, we were discussing theoretical aspects related to leasing and the new standard, among others: whom it concerns, what the exemptions are and when the commencement of leasing shall take place. The next issue to be discussed is the establishing of the starting value as well as the amortization rate.

MSSF/IFRS 16 – several words regarding the new standard (part 3)

11 December 2017
Ewa KĄDZIELA
In the previous part of our considerations, we raised the issue of simplifications in the application of IFRS 16, when assets and liabilities are not recognized. Entities benefitting from the simplifications charge payments directly into costs - usually, on a straight-line basis over the period of the lease. Operating leases are settled in a similar manner (in accordance with the IAS 17 regulations, still in effect). For the record, below please find a handful of information.

MSSF/IFRS 16 – several words regarding the new standard (part 2)

4 December 2017
Piotr STASZKIEWICZ
In the previous article devoted to leasing, several sample questions were asked by members of management boards and accountants regarding the recognition, valuation and presentation of leasing under the new IFRS 16 standard. Below please find the answers to the inquiries received.

MSSF/IFRS 16 – several words regarding the new standard (part 1)

27 November 2017
Piotr STASZKIEWICZ
For several months now, we have been noticing an increased activity among entities in the area of inquiries regarding the issue of leasing, as well as the analysis of contracts they signed for the use of certain assets – be it in the form of a lease, rental or tenancy. The emerging questions have hastened the decision to write several entries about the new IFRS 16 standard.