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Publication:

BDO Leasing Administration Solution - LEAD

12 August 2016

At the beginning of 2016 the IASB (IFRS 16) and the FASB (ASC 842) issued new principles for the
recognition, measurement, presentation and disclosure of leases. For lessees a single lease accounting
model applies to all leases resulting in an on balance sheet presentation. Operating leases that were
previously ‘off balance’ no longer exist for lessees. As a result, preparers of financial statements are facing challenges and are required to break new grounds and reassess their existing and future lease portfolio.