IFRS 16 and ISO currency codes: Difference between pages

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International Financial Reporting Standard 16, dealing with leases.
ISO currency codes are identifiers for currencies made up of three alphabetic characters as specified in ISO 4217 issued by the International Organization for Standardization (ISO).


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.
The first two characters are country identifiers taken from from ISO 3166 and the third specifies the particular currency or type of funds.


Used within SWIFT (Society for Worldwide Interbank Financial Telecommunications) messages, ISO currency codes are often referred to as SWIFT codes.


Issued by the International Accounting Standards Board.
==See also==


 
* [[Society for Worldwide Interbank Financial Telecommunications]]  
==See also==
* International Organization for Standardization - http://www.iso.org/iso/home.htm
*[[Finance lease]]
*[[Operating lease]]
*[[IAS 17]]
*[[Lease]]
*[[International Accounting Standards Board]]

Revision as of 14:00, 19 June 2014

ISO currency codes are identifiers for currencies made up of three alphabetic characters as specified in ISO 4217 issued by the International Organization for Standardization (ISO).

The first two characters are country identifiers taken from from ISO 3166 and the third specifies the particular currency or type of funds.

Used within SWIFT (Society for Worldwide Interbank Financial Telecommunications) messages, ISO currency codes are often referred to as SWIFT codes.

See also

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