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IFRS 16 Leases - First Birthday
Jan 13, 2017

A year has passed since the issue of IFRS 16 Leases. To mark the anniversary, the International Accounting Standards Board (IASB) has issued an Implementation Update including articles from Board Members about the practical implementation of the standard.

The articles cover:

  • Transition options and benefits;
  • Early planning and practical benefits;
  • Judgments and discount rates; and
  • Investor expectations and lease disclosures.

The Implementation Update can be found at http://bit.ly/2jrb6ND.

The effective date of IFRS 16 is periods commencing on or after 1 January 2019.

Further information about the implementation of IFRS 16 can be found at http://www.ifrs.org/Current-Projects/IASB-Projects/leases-implementation/Pages/IFRS-16-Leases-Implementation.aspx. Crowe Horwath International has issued a recording outlining IFRS 16 at http://bit.ly/2iPcRn3.