As we've seen over the last few months, IFRS 16 has brought about a lot of changes to the existing treatment of leases, especially for lessees

In my last article I discussed impairment considerations regarding the new IFRS standard—IFRS 16 Leases ...

As I'm sure everyone is well aware, IFRS 16 is now effective for annual periods beginning on or after 1 January 2019.

There have been numerous publications on how IFRS 16 Leases changes the accounting for leases and what the main challenges are.

When the IASB published IFRS 16 Leases, I doubt they imagined the huge debate that would ensue over something as seemingly simple as a company car.

Still recovering from IFRS 15 and IFRS 9 implementation for 2018 year-end financial statements? Well, don't relax just yet…It's time to gear up for the latest challenge: IFRS 16.

The Commission Delegated Regulation, supplementing Regulation (EU) 2017/2402 (the "Securitisation Regulation"), entered into force on 8 July 2024 (the "Commission Delegated Regulation").

The new standards on lease accounting are here. They became effective on 1 January 2019 for calendar year-end companies.

Since the arrival of IFRS 16, the new standard on lease accounting, debates have arisen over how accounting for leases will change and how organisations will be affected.