Euro zone and ROU: Difference between pages

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imported>Doug Williamson
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imported>Doug Williamson
(Create page. Source: The Treasurer, September 2017, p40.)
 
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''The euro.''
''Lease accounting - International Financial Reporting Standard 16 (IFRS 16)''


The Euro zone is the collective name for the 19 countries adopting European Monetary Union (EMU) in full.
In the lease accounting context, ROU means Right of Use.
Sometimes written 'Eurozone', 'eurozone' or 'Euro-zone'.


More formally known as the 'euro area' and more informally as 'euroland'.


<span style="color:#4B0082">'''''Operating lessees must report an ROU asset'''''</span>


The 19 countries in the euro area are:
:"The major change for lessees [under IFRS 16] is that all operating leases must be reported on balance sheet through the creation of a right of use (ROU) asset and corresponding liability.


Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia and Spain.
:The ROU asset is calculated based on the present value of future rental cash flows discounted at the rate implicit in the lease or, if this is not available, the incremental borrowing rate, and depreciated over the remaining lease term."


:''The Treasurer magazine, September/October 2017, p40 - Paul Lippitt and Armaghan Haq.''


The eight European Union (EU) countries which are not in the euro area are:


Bulgaria, Croatia, the Czech Republic, Denmark, Hungary, Poland, Romania and Sweden.
==See also==
 
*[[Finance lease]]
 
*[[Operating lease]]
== See also ==
*[[IAS 17]]
* [[Bank supervision]]
*[[IFRS 16]]
* [[Brexit]]
*[[Lease]]
* [[Central bank]]
*[[Debt]]
* [[Core countries]]
*[[EBITDA]]
* [[ESCB]]
*[[Frozen GAAP]]
* [[Eurobond]]
*[[Interest cover]]
* [[European Central Bank]]
*[[Net worth]]
* [[European Monetary Union]]
*[[Off balance sheet]]
* [[European Stability Mechanism]]
* [[European Union]]
* [[Eurosystem]]
* [[Grexit]]
* [[Periphery countries]]
 
 
 
==== Currencies of EU countries not in the euro area ====
* [[BGN]]
* [[HRK]]
* [[CZK]]
* [[DKK]]
* [[HUF]]
* [[PLN]]
* [[RON]]
* [[SEK]]
 
[[Category:Long_term_funding]]

Revision as of 12:40, 1 October 2017

Lease accounting - International Financial Reporting Standard 16 (IFRS 16)

In the lease accounting context, ROU means Right of Use.


Operating lessees must report an ROU asset

"The major change for lessees [under IFRS 16] is that all operating leases must be reported on balance sheet through the creation of a right of use (ROU) asset and corresponding liability.
The ROU asset is calculated based on the present value of future rental cash flows discounted at the rate implicit in the lease or, if this is not available, the incremental borrowing rate, and depreciated over the remaining lease term."
The Treasurer magazine, September/October 2017, p40 - Paul Lippitt and Armaghan Haq.


See also

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