Ryan Hendrie

• IASB extends accounting relief for COVID-19 related rent concessions

  The International Accounting Standards Board (IASB) has taken the action of extending the practical expedient for COVID-19 related rent concessions under IFRS 16 by one year, to cover rent concessions that reduce only lease payments...

  Ryan Hendrie | 3rd September 2021 | 3 min read

  

• Innervision officially becomes IRIS Innervision

  IRIS Software Group, one of the UK’s largest privately held software companies, is today announcing the rebranding and name change of Innervision. Acquired by the IRIS in late 2019, Innervision now becomes IRIS Innervision –...

  Ryan Hendrie | 12th May 2021 | 1 min read

  

• ASC 842 Summary: What lessees need to know

  Replacing FASB ASC 840, the revised ASC 842 was published in 2016 along with the associated and similar IASB IFRS 16. For public listed companies it came into effect for fiscal years and interim accounting...

  Ryan Hendrie | 10th December 2020 | 10 min read

  

• Public Sector IFRS 16 Implementation Deadline Deferred to April 2022

  Important announcement for local authorities - December 2020: In light of COVID-19 pressures, the CIPFA LASAAC Local Authority Accounting Code Board has agreed to defer the implementation of IFRS 16 Leases in the Code of...

  Ryan Hendrie | 8th December 2020 | 3 min read

  

• ASC 842: Lease Modifications & Remeasurement

  Whether intended at the outset or found necessary during the initial or additional lease periods, lease modifications have always been common but accounting for these changes is that much more complicated under ASC 842. A...

  Ryan Hendrie | | 5 min read

  

• Adopting IFRS 16 – Update for the UK Public Sector

  Back in January 2019, it was reported that ongoing issues around public sector compliance with the new lease accounting standard, IFRS 16, had been recognised by The Financial Reporting Advisory Board (FRAB), the oversight body...

  Ryan Hendrie | 3rd November 2020 | 8 min read

  

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