Leases in Egyptian Accounting Standards

 . The standard on leases in Egyptian accounting regulations introduces a comprehensive model for the identification, recognition, measurement, and disclosure of leases. It eliminates the traditional classification of leases as either operating or finance leases for lessees. Instead, the new standard requires lessees to recognize assets and liabilities for all leases with a term of more than twelve months, unless the underlying asset is of low value. This single, on-balance sheet lease accounting model enhances transparency by requiring companies to recognize right-of-use assets and lease liabilities, thereby providing a more accurate representation of their financial obligations and commitments.

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