SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Government notifies new accounting standard

01 Apr 2019 Evaluate

The government has notified a new Indian Accounting Standard (Ind AS) 116 that will bring in more transparency in recognition and disclosures about leases in companies' balance sheets. Ind AS 116-implementing from April 1, 2019 -- is likely to have a significant impact on various industries, including aviation where airlines mostly operate planes on lease.

The Standard sets out the principles for the recognition, measurement, presentation, and disclosure of leases. It has been notified by the corporate affairs ministry. The standard will help in ensuring more transparency when it comes to recognition of leases by companies and also prevent ‘window dressing’ of accounts.

Leasing of aircraft rather than outright purchase is a common practice in the airlines industry worldwide. With the new accounting standard is in place, the carriers would have to show all such leases on their respective balance sheets which would result in substantial new assets and liabilitie. Ind AS 116 is the equivalent of IFRS (International Financial Reporting Standards) 116.


About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: