IFRS 16 Leases: What's The Big Deal?

In fact, there isn't just one big deal, but several little deals, and this is exactly why this standard is so complex. With each page you turn and brochure you read, another exception, complexity, or exemption is revealed.

Currently IFRS 16 is all the rage and, if you're not talking about it, you probably feel like you're missing something. Why? What is it about this standard that has everyone up in arms? Well, like its not-too-distant cousin IFRS 9, it promises an enormous impact on financial statements and has many a corporation scratching its head about how and to which extent they will be affected.

Hello, can you hear me...

If you've had your head in the sand about the practical implications of this standard, you might want to listen in for just one moment to see which types of leases will be most significantly affected: