To meet that objective, a lessee should recognise assets and liabilities arising from a lease. IFRS 16 introduces a single lessee accounting model and requires a lessee to recognise assets and liabilities …

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 …

IFRS 16 is an International Financial Reporting Standard (IFRS) issued by the International Accounting Standards Board (IASB) providing guidance on accounting for leases. [1]

IFRS 16 requires that the lease liability should initially be measured at the present value of the lease payments that are not paid at the commencement date. The discount rate used to determine present …

IFRS 16 Leases, effective for annual reporting periods beginning on or after 1 January 2019, brought significant changes in accounting requirements for lease accounting, primarily for lessees.

Jul 17, 2009 · IFRS 16 sets out the recognition, measurement, presentation and disclosure requirements for leases. A lessee recognises a leased asset and lease obligation for all leases that are not subject …

The IFRS 16 lease accounting standard is a recent standard issued by the IFRS Foundation and the International Accounting Standards Board (IASB) setting out the accounting treatment for leases, …

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 …

This factsheet provides an overview of IFRS 16 together with practical tips and examples. It has been updated for recent amendments. Updated January 2025.

May 1, 2020 · This BDO In Practice sets out the requirements of IFRS 16 in relation to the classification and measurement of leases from the perspective of lessees and lessors and compares those …