Differences in Amendments ASC 842 Vs IFRS 16

[ngadidala@gmail.com]

Dear All,

I am understanding a big difference between IFRS 16 and ASC 842 on the topic of amendment of Finance Lessor Lease which as follows:

IFRS 16, other than Interest rate change, most of the amendments like Lease payments changes, lease extensions, contracts result in Gain/Loss. Existing interest rate is used to amortize the new Net Investment

ASC 842, no change to Net Investment but new interest rate is derived which will amortize existing Net Investment with higher or lower interest income.

Is your understanding also on same lines?

[Marek Muc]

Moving to appropriate forum

[JRSB]

I'm not sure if there are any US-based posters on this forum