Learn what an onerous contract is, regulations for reporting them, and examples. Explore how IFRS and GAAP differ in handling these unfavorable contracts.

One of the main regulations governing leasing arrangements is IFRS 16. In January 2016, the International Accounting Standards Board issued a new accounting standard for leases, called IFRS 16, ...

Accounting and finance organizations for many multinational businesses are currently working to create plans for two separate lease accounting standards: the Financial Accounting Standards Board’s ASC ...

Accounting professionals are accustomed to complying with accounting standards. Generally accepted accounting standards set the guidelines for reporting financial transactions in the United States.

A joint effort by the Financial Accounting Standards Board (“FASB”) and the International Financial Reporting Standards Foundation (“IFRS”) will fundamentally reset the accounting treatment of leases ...

CAPE TOWN – Pick n Pay’s debt would be restated to a significant R17 billion in the 53 weeks to March 3, 2019, from only R1.6bn previously, due to the introduction of the IFRS 16 accounting standard ...

Zaandam, the Netherlands, March 25, 2019 - Ahold Delhaize today is hosting a briefing in London to update analysts on how our financial statements will be impacted by IFRS 16, the new financial ...

LONDON, Sept. 3, 2020 /PRNewswire/ -- Kingfisher plc is an international home improvement company with over 1,300 stores in nine countries across Europe, Russia and Turkey, supported by a team of over ...