Accounting Standards
IFRS 16 and Leases Explained: Why Your Office Rental and Company Van Now Sit on the Balance Sheet
IFRS 16 now forces most leases—office space, vans, photocopiers—onto the balance sheet as a right-of-use asset and lease liability. This guide walks through why the change happened, a worked five-year office lease example with journal entries, and what it means for covenants, EBITDA and management reporting.