European Mortgage Federation and ROU: Difference between pages

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imported>Doug Williamson
(Create page. Source: The Treasurer, September 2017, p40.)
 
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''Mortgage lending - retail - European Union (EU) - European Economic Area.''
''Lease accounting - International Financial Reporting Standard 16 (IFRS 16)''


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


The European Mortgage Federation represents retail mortgage lenders licensed in the EU and the European Economic Area.


The EMF is established to be the key contact for the European Commission, the European Parliament, the Council of the EU, the European Banking Authority, the European Central Bank and the Basel Committee on Banking Supervision on all mortgage industry-related questions.
<span style="color:#4B0082">'''''Operating lessees must report an ROU asset'''''</span>


''(Source - EMF)''
:"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."


== See also ==
:''The Treasurer magazine, September/October 2017, p40 - Paul Lippitt and Armaghan Haq.''
* [[Basel Committee on Banking Supervision]]
* [[European Banking Authority]]
* [[European Central Bank]]
* [[European Commission]]
* [[European Council]]
* [[European Economic Area]]
* [[European Union]]
* [[Global Sustainable Finance Council]]
* [[Mortgage]]
* [[Retail]]




==External link==
==See also==
[https://hypo.org/emf/about-us/ About us - European Mortgage Federation]
*[[Finance lease]]
 
*[[Operating lease]]
[[Category:Accounting,_tax_and_regulation]]
*[[IAS 17]]
[[Category:The_business_context]]
*[[IFRS 16]]
[[Category:Financial_products_and_markets]]
*[[Lease]]
*[[Debt]]
*[[EBITDA]]
*[[Frozen GAAP]]
*[[Interest cover]]
*[[Net worth]]
*[[Off balance sheet]]

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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