[Verse 1] Balance sheets were hiding something sleek Operating leases vanished from the books Companies would rent for years and years But assets stayed invisible, it appears Then came the standards, shaking up the game IFRS Sixteen changed the accounting frame [Chorus] Right-of-use assets on the left side climbing Lease liabilities matching the timing Present value calculations, discount rates align Every lease creates a pair, yours and mine ROU assets depreciate down Lease payments split the compound [Verse 2] Take the payments over the lease term Discount them back, watch the numbers firm Initial measurement captures the whole cost Prepayments added, incentives get crossed The asset starts equal to liability Then amortization sets them free [Chorus] Right-of-use assets on the left side climbing Lease liabilities matching the timing Present value calculations, discount rates align Every lease creates a pair, yours and mine ROU assets depreciate down Lease payments split the compound [Bridge] Interest expense on the debt Amortization on the asset set Operating or finance classification Determines the presentation fiction But both methods show the substance true Leased assets belong to you [Chorus] Right-of-use assets on the left side climbing Lease liabilities matching the timing Present value calculations, discount rates align Every lease creates a pair, yours and mine ROU assets depreciate down Lease payments split the compound [Outro] No more hiding leases off the books Transparency in every financial look Right-of-use reveals the real position Lease accounting's new recognition
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