Peppercorn Leases & the New Revenue Standard AASB 1058: Right-of-Use Asset at Fair Value

CaseWareAASB 1058, Accounting Standards, Carmen Ridley, Financial Reporting

The following just in ‘hot off the press’ from our financial reporting content expert, Carmen Ridley AASB member. An update from the Nov 2018 meeting has been added to this article. The accounting treatment of peppercorn leases under the new revenue standard AASB 1058 Income of NFP Entities has caused significant discussion in relation to the recognition of a right-of-use … Read More