IFRS 16 – Lease Accounting

IFRS 16 (International Financial Reporting Standard) is a new standard for lease accounting which comes into force in January 2019. It replaces the existing IAS17 lease accounting standard.

• Understanding Lease accounting.
• Scope and scope exclusions.
• Lessee accounting under the IFRS 16 - Leases.
• Key terminology explained.
• Differences of current accounting treatment IAS17 and IFRS 16
• Practical case studies to aid understanding of proposed changes and their likely impact