The new standard on leases has generated much interest from preparers and auditors needing to know what has changed from AASB 117 Leases and its interpretations and what are key principles. This session will:
• Identify the major changes from AASB 117 to AASB 16
• Discuss the lease components and lease term (and modification), and
• Address recognition and measurement rules, and accounting for subleases.