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