Shining the Light on Leases 28 March 2016 The article was first published on IFAC Global Knowledge Gateway, 22 March 2016 By Hans Hoogervorst, IASB Chairman Leasing is a common form of finance for many businesses,

| August 14, 2017

Shining the Light on Leases 28 March 2016 The article was first published on IFAC Global Knowledge Gateway, 22 March 2016 By Hans Hoogervorst, IASB Chairman Leasing is a common form of finance for many businesses, especially in sectors like the airline industry, retail, and shipping. Currently, listed companies around the world have around US$3.3 trillion worth of leases. Under current accounting requirements, over 85% of these leases are labeled as “operating leases” and are not rec …

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