Publication: International Financial Reporting Standard (IFRS) 16: Leases
Date
2016-04
Authors
McFie, James Boyd
Journal Title
Journal ISSN
Volume Title
Publisher
ICPAK
Abstract
IFRS 16: Leases was issued on 13 January 2016; it replaces IAS 17 Leases. The new Standard is effective from 1st January 2019: early application is permitted, provided the recently issued revenue Standard, IFRS 15 Revenue from Contracts with Customers is also applied. IFRS 16 requires all leases to be reported on a company’s balance sheet as assets and liabilities.
Description
Article published in the ICPAK Accountant Journal - March/April 2016