IFRS 16: Difference between revisions
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imported>Doug Williamson (Added IAS 17 to links. Not sure at this stage whether IFRS 16 replaces IAS 17.) |
imported>Doug Williamson (Expand.) |
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International Financial Reporting Standard 16, dealing with leases. | International Financial Reporting Standard 16, dealing with leases. | ||
IFRS 16 is effective from 1 January 2019. | IFRS 16 is effective from 1 January 2019. It requires all lease liabilities to be accounted for 'on balance sheet', removing the former distinction between operating leases and finance leases. | ||
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*[[International Accounting Standards Board]] | *[[International Accounting Standards Board]] | ||
*[[Lease]] | *[[Lease]] | ||
* [[IAS 17]] | *[[IAS 17]] | ||
Revision as of 13:57, 7 January 2016
International Financial Reporting Standard 16, dealing with leases.
IFRS 16 is effective from 1 January 2019. 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.
