Handbook

IFRS 16 Lease Accounting

How to comply with the IASB IFRS 16
lease accounting changes while also driving savings

Download handbook to learn:

Summary of the IASB IFRS 16 rules
The data and documents you will need to collect
Required lease accounting software changes
Real world accounting examples

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Overview of IFRS 16

The first effective dates for the international lease accounting standard, IFRS 16, were in January 2019. The standard requires that all leases be reported as finance leases unless the lease term is less than 12 months or the value of the lease is less than US$5000. The on-balance sheet requirement of the standard created an implementation challenge for many companies. The challenge is exacerbated for companies with large equipment leasing portfolios because equipment leasing programs are typically decentralized, making it difficult to track down the data needed to comply with the standards.

 

To learn more about IFRS 16, the effects the standards will have on your business, how to staff and budget for the implementation project, and what to look for in lease accounting software, visit our lease accounting page.