BDO Releases IFRB 2020/11 - Accounting for Rent Concessions: Lessee FAQs
26 June 2020
BDO has released IFR Bulletin 2020/11 – Accounting for Rent Concessions: Lessee FAQs. This publication answers dozens of questions that lessees have been asking with regards to the recent amendments to IFRS 16: COVID-19 related rent concessions. The Bulletin answers how to assess whether a lessee may apply the practical expedient, how the underlying calculations should be done, along with numerous illustrative examples of common rent concessions.
The Bulletin may be accessed here.