FRS116 Leases 新租赁准则

FRS 116, the new leasing standard, was effective 1 January 2019. Under this new standard, a lessee will now have to recognize all leases in the Balance Sheet. Implementing the new standard will therefore require significant effort.  新租赁准则 FRS 116 于 2019 年 1 月 1 日生效。根据该新准则, 承租人现在必须在资产负债表中确认所有租赁。因此, 会计师们需要了解这新准则, 以便能于是并进.

FRS 116 will require lessees to account for leases 'on-balance sheet' by recognising a 'right-of-use' asset and a lease liability. For any businesses, however, exemptions for short-term leases and leases of low value assets is expected to greatly reduce the impact.

FRS 116 also:
• changes the definition of a lease
• sets requirements on how to account for the asset and liability, including complexities such
   as non-lease elements, variable lease payments and option periods
• changes the accounting for sale and leaseback arrangements
• largely retains FRS 17's approach to lessor accounting
• introduces new disclosure requirements.