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New Accounting Rules for Company Balance Sheets

Discussion in 'Trading/Investing Resources' started by aus_trader, Mar 25, 2020.

  1. aus_trader

    aus_trader

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    What do others think of the new Accounting rules for the company reporting ?

    It is to do specifically with the balance sheet reporting as far as rent costs are concerned. Does it make a difference in terms of identifying a company's property leasing/rent costs or is it just adding more numbers/complexity without adding any value ?

    Below is an example of a recent balance sheet that shows the transition. Previously all those fields were not reported which has a "-" in the field. Now they split it into "Lease liabilities" and "Right of Use" for those, which is put into 'Asset' side of the balance sheet:
    upload_2020-3-25_12-52-11.png
     
    fergee likes this.
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