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.
Carmen has an excellent knowledge of financial reporting through significant experience with a number of major accounting firms in both the external audit and technical divisions and spending significant time analysing and interpreting accounting standards for clients.
Carmen is a former Board member of the AASB (2012 – 2020) and a former member of the IFRS for SME implementation committee (2020 – 2023).