IFRS 16 - The GAAP Site

IFRS accounting primer for renewable energy power purchase agreements

September 4, 2021 alishan No Comments

This IFRS accounting primer for renewable energy power purchase agreements (PPAs) was produced by EY in collaboration with the Business Renewables Centre (BRC) Canada. It is intended to assist accounting professionals in off-taker organizations to understand and assess the potential accounting implications of renewable energy PPAs and explain such implications to internal stakeholders. Download directly…

EY IFRS Publications, IFRS

Lease considerations for Power Purchase Agreements

August 2, 2021August 21, 2021 alishan No Comments

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…

EY IFRS Publications

A closer look at IFRS 16 Leases

December 31, 2020August 22, 2021 alishan No Comments

The updated EY Publication “Applying IFRS on IFRS 16 Leases” includes changes to address evolving implementation issues. It analyses the standard and discusses the implementation issues, including recent discussions by the IASB and the IFRS Interpretations Committee. It also provides a comparison to the US GAAP standard on leases. Download this IFRS resources Error happened.

EY IFRS Publications