Tag: IAS 38

Lease considerations for Power Purchase Agreements

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The use of Power Purchase Agreements (PPA) in the supply of renewable energy is on the rise. This EY publication focuses solely on the assessment of whether solar and wind energy PPAs contain a lease in accordance with IFRS 16 Leases. In most cases, other accounting standards, including IFRS 9 Financial Instruments and IAS 38 Intangible Assets, also…

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EY IFRS Publications

Accounting for cloud computing costs July 2021

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This EY publication discusses how an entity might account for a cloud computing arrangement considering the requirements in IFRS. IFRS Standards do not contain explicit guidance about a customer’s accounting for cloud computing arrangements, so judgement will be required to account for them. This EY publication has been updated for the March 2021 IFRS Interpretations…

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EY IFRS Publications