International Monetary Fund and ROU: Difference between pages

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(IMF). An international organisation created by the Bretton Woods Agreement in 1944 to promote exchange rate stability.
''Lease accounting - International Financial Reporting Standard 16 (IFRS 16)''


The objectives of the Fund include supervising exchange market intervention of member countries, providing the financing needed by members to overcome payments imbalances, encouraging monetary cooperation and international trade among nations, promoting sustainable development and poverty reduction.
In the lease accounting context, ROU means Right of Use.


== See also ==
* [[Bretton Woods Conference]]
* [[Exchange rate]]
* [[Exchange Rate Mechanism]]


<span style="color:#4B0082">'''''Operating lessees must report an ROU asset'''''</span>
:"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==
*[[Finance lease]]
*[[Operating lease]]
*[[IAS 17]]
*[[IFRS 16]]
*[[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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