Written by Terje Glesaaen Determine the discount rate for the lease For IFRS 16, calculating the discount rate and determining the interest rate to be used when discounting leases to determine the lease liability is one of the most important assessments that a lessee must make. Calculation of the discount rate will affect both the … Read more

Written by Terje Glesaaen IFRS 16, which deals with rental contracts (leasing agreements), entails major changes for companies that rent operating assets. The accounting standard has been standard for listed companies since 2019. But to understand the accounting standard, it is important to know what a rental/leasing agreement is. What is a lease agreement? A … Read more

Our experiences with IFRS 16 implementation This is an extract from an article written by Terje Glesaaen in collaboration with KPMG partner Serge Fjærvoll. It was published in the professional publication “Revisjon og regnskap” in December 2019. The first part is based on interviews with companies that have undergone a comprehensive implementation of IFRS 16 … Read more