IFRS 16: Difference between revisions
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IFRS 16 is effective from 1 January 2019. In broad terms, it requires all lease liabilities to be accounted for 'on balance sheet', removing the former distinction between [[operating lease]]s and [[finance lease]]s. | IFRS 16 is effective from 1 January 2019. In broad terms, it requires all lease liabilities to be accounted for 'on balance sheet', removing the former distinction between [[operating lease]]s and [[finance lease]]s. | ||
IFRS 16 replaces IAS 17:Leases. | IFRS 16 replaces IAS 17: Leases. | ||
Revision as of 09:37, 14 January 2016
International Financial Reporting Standard 16, dealing with leases.
IFRS 16 is effective from 1 January 2019. In broad terms, it requires all lease liabilities to be accounted for 'on balance sheet', removing the former distinction between operating leases and finance leases.
IFRS 16 replaces IAS 17: Leases.
Issued by the International Accounting Standards Board.
