IFRS 16 introduces a single lessee accounting model and requires a lessee to recognise assets and liabilities for all leases with a term of more than 12 months, unless the underlying asset is of low value.

IFRS 16 replaces IAS 17, IFRIC 4, SIC-15 and SIC-27. IFRS 16 sets out the principles for the recognition, measurement, presentation and disclosure of leases. In May 2020 the Board issued Covid-19-Related Rent Concessions, which amended IFRS 16.

IFRS 16 Leases has now been successfully adopted by companies reporting under IFRS® Standards. It is the new normal for lease accounting around the world. IFRS 16 had a significant impact on the financial statements of lessees with ‘big-ticket’ leases, from retailers to banks to media companies.

We have been releasing our in-depth application guidance on IFRS 16 Leases in manageable chunks, one chapter at a time. Each one focuses on a particular aspect and includes explanations of the requirements and examples showing them in practice, to help you apply the new standard.

IFRS 16 is an International Financial Reporting Standard (IFRS) promulgated by the International Accounting Standards Board (IASB) providing guidance on accounting for leases.

2024年8月19日 · In this high-level overview of IFRS 16, we introduced the key differences for lessee accounting under IAS 17 and IFRS 16, provided an example of a lessee amortization …

The purpose of this article is to summarise some of the key issues related to IFRS 16 from the perspective of the lessee and how these impact on financial reporting. IFRS 16 replaced International Accounting Standard (IAS ®) 17. The approach of IAS 17 was to distinguish between two types of lease.

This publication provides a summary of the new presentation and disclosure requirements for lessees in IFRS 16 both at transition and on an ongoing basis. It also illustrates possible formats entities could use to disclose information required by IFRS 16 using real-life examples from entities that have early adopted IFRS 16. 1 IFRS 16.51

Applying IFRS 16, a lessee uses its incremental borrowing rate in measuring a lease liability when the interest rate implicit in the lease cannot be readily determined (paragraph 26 of IFRS 16).

IFRS 16 outlines the accounting treatment for leases, requiring lessees to recognize assets and liabilities for most leases.