Short-term benefitMeasured at an undisounted rate and recognized as the services are rendered.Other costs (such as annual leave) are recognized as the related servicess are rendered if the cost accumulate, otherwise the cost is expensed when the leave is taken or used. Bonus payments are only recognized when an obligation exists and the amount can […]

Introduction: Extending a lease is a common practice for many entities, but it introduces accounting complexities related to the recognition of Right-of-Use (RoU) assets and lease liabilities. The timing of recognizing these additional assets and liabilities depends on the nature of the lease extension—whether it constitutes a modification of the existing lease or involves entering […]