Lease accounting focuses on how to treat assets that are given to or received from other parties, on a right-to-use basis, for a set period. A key point of difference in the accounting for a lease relates to who you are in a given lease transaction, i.e., are you a lessor or a lessee? Furthermore, do we still have the concept of an operating versus a finance lease seeing that Section 20’s big brother, the IFRS 16 Leases standard no longer distinguishes between the two… Join us as we look at the accounting on both sides (lessor VS lessee), as well as for both types of leases.