The main difference in accounting for leases under Accounting Standards for Private Enterprises (ASPE_versus International Financial Reporting Standards (IFRS_is that ASPE requires straight-line amortization of a bond discount or premium.

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The main difference in accounting for leases under ASPE versus IFRS is not related to the straight-line amortization of a bond discount or premium, but rather in how leases are classified and recognized on the balance sheet. ASPE allows for operating leases to be off-balance sheet, while IFRS requires almost all leases to be recognized on the balance sheet.

The Main Difference in Accounting for Leases Under Accounting Standards