News Articles

Moore-Australia Technical Update

A summary of recent changes to financial reporting requirements applicable for year ending 30 June 2020

 

Do the Lease 'Hokey-Pokey': Implications of ROU Assets on Impairment Assessments

The introduction of AASB 16 Leases means the majority of leases are capitalised as both a right-of-use (ROU) asset and lease liability (LL) onto the Balance Sheet.  Our article provides practical solutions to the problems this causes when performing an impairment test of a cash generating unit (CGU)