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Summarize the main differences of IAS 17 and IFRS 16

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Reference no: EM132910277

Question -

1. Summarize the main differences of IAS 17 and IFRS 16?

2. Why can HKFRS 16 not reflect the commercial reality of how companies manage residual value risk?

3. What courses of action may a lessee take in order to tackle challenges from the switch from IAS 17 to IFRS 16 (For example an airline like Cathay Pacific based in Hong Kong)?

Reference no: EM132910277

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