PSAK 73

The objective of this learning is to provide a new paradigm so that participants can assessing whether a contract contains lease or not. As in most cases, leases will record significant additional liability on their financial statements due to PSAK 73 application. It will also no longer matter whether a rental agreement is a finance lease or an operating lease, as PSAK 73 requires all leases to be accounted for in the same way. With the creation of new assets and liabilities, the replacement of rental expense with interest and depreciation, financial information will change for all companies. On lessor side the impact will be minimal. However, both lessor and lessee will need to disclose significant additional information compared to previous standards.