New accounting guidelines leave little space to fudge lease deals. For businesses relying intensely upon leased resources, it will require more prominent IFRS 16 Leases in Dubai. IFRS 16 IFRS 16 becomes effective from January 1. Hence, it will prompt…

On 31 October 2018, the IASB gave ‘Meaning of Material (Amendments to IAS 1 and IAS 8)’ to explain the meaning of ‘material’ and to adjust the definition utilized in the Conceptual Framework and the benchmarks themselves. The New IFRS…