IFRS 16: Difference between revisions
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imported>Doug Williamson (Qualify description of accounting requirement.) |
imported>Doug Williamson (Link with Operating lease and Finance lease pages.) |
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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. In broad terms, it requires all lease liabilities to be accounted for 'on balance sheet', removing the former distinction between operating | 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. | ||
Revision as of 08:32, 13 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.
