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The Lessors Network showcases the largest equipment lease finance community on the Web publishing industry relevant news, press releases, legislative and regulatory updates aggregated from trusted global resources.


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Stephen Sheen: Prepare for a deep dive into lease accounting
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After a decade of deliberation the IFRS 16 lease accounting standard is set to hit local authorities. Stephen Sheen writes that the changes will mean a substantial piece of work for finance departments. But there are benfits.

Many of the fresher-faced amongst us will be unable to remember a time when big changes to lease accounting were not just over the horizon. Almost 10 years after the International Accounting Standards Board first started its deliberations on how to shine a brighter light on lease transactions, CIPFA/LASAAC has been able to issue its detailed proposals for adopting IFRS 16 leases into the Local Authority Accounting Code.

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