Explore the nuances of financial reporting standards by watching this educational YouTube video that contrasts IAS 17 and IFRS 16. Come along as we go down the main distinctions between these two accounting standards and how they affect lease accounting. You will learn how firms now identify, measure, and disclose lease-related information differently as a result of the switch from IAS 17 to IFRS 16, which has an impact on lessors and lessees alike. This film provides a thorough explanation of the changes, their effect on financial statements, and the wider ramifications for organizations globally, making it ideal for anybody interested in learning about the rapidly changing field of international accounting, be they a student, finance professional, or just someone curious.
