Dismal lease accounting developments for SMEs

LeasExpert Posted in Advice, Lease Posted on 1 July 2019 Tagged with accounting developments for SMEs, Assets of low value, leases shorter than 12 months

The International Accounting Standards Board (IASB) has started its review for updating IFRS for SMEs and considers including the latest views as laid down in the newly issued IFRSs since 2015.

This time, quite substantial changes may come about that hit, rather than touch upon, SMEs, especially in the field of lease accounting. See the full report here.