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Question The IASB has recently issued IFRS16 Leases as a replacement for IAS17 and this new standard makes significant changes to the accounting treatment of

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The IASB has recently issued IFRS16 Leases as a replacement for IAS17 and this new standard makes significant changes to the accounting treatment of leases. The requirements of IFRS16 (which must be applied for periods commencing on or after 1 January 2019)

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Clarify the main differences between IAS 17 and IFRS 16, and the effect of applying new standard in financial statements.

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