Indonesian Companies Facing Challenges Implementing PSAK 73 in Leases

Indonesian Companies Facing Challenges Implementing PSAK 73 in Leases

Indonesian Companies Facing Challenges Implementing PSAK 73 in Leases

Indonesian companies nowadays are dealing with the implementation of a new standard of leasing. PSAK 73 (adopt from IFRS 16) introduce single lessee accounting model that more reflect economic reality of an entity and sets how financial statement preparer recognizes, measures, presents and discloses leases. The objective is to ensure that lessee and lessor provide relevant information in a manner that faithfully represents those transactions. This information gives a basis for financial statements users to assess effect of leases in financial position, financial performance and entity’s cash flows.

Download PDF