Reporting Lease Contracts According to IFRS 16: Case of Romanian Entities
In 2016, a new accounting standard on leases was issued and it is effective since 2019.According to IFRS 16 “Leases”, the classification of lease contracts as finance or operating leases is eliminated; significant changes could emerge Reclaimers for the lessee.Our study examines the effect of the new accounting model for lease provided by IFRS