IFRS 11 and IFRS 16: Difference between pages

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imported>Doug Williamson
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International Financial Reporting Standard 11, dealing with accounting for joint arrangements.
International Financial Reporting Standard 16, dealing with leases.


IFRS 11 supersedes IAS 31 'Interests in Joint Ventures' with effect from January 2013.  
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.




== See also ==
Issued by the International Accounting Standards Board.
* [[IAS 31]]
* [[International Accounting Standards Board]]
* [[Joint arrangement]]


[[Category:Control_and_Reporting]]
 
==See also==
*[[International Accounting Standards Board]]
*[[Lease]]
*[[IAS 17]]

Revision as of 14:48, 7 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.


Issued by the International Accounting Standards Board.


See also