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IFRS 16 resources

Related Publications

A guide to the incremental borrowing rate — Assessing the impact of IFRS 16 'Leases'

19 Oct 2017

The issuance of IFRS 16 'Leases' has resulted in a significant number of companies expecting to see material changes in the presentation of their financial statements as a result of bringing operating leases onto the balance sheet and changing the way in which expenses are recorded in the income statement. The discount rate assumption is one of the most important judgements that management will need to make and the one which may have the largest quantitative impact on the lease asset and liability valuations.

Deloitte comment letter on FRED 67— 'Draft amendments to FRS 102 - Triennial review - Incremental improvements and clarifications'

04 Jul 2017

We have published our comment letter on the Financial Reporting Council’s (FRC’s) Financial Reporting Exposure Draft (FRED) 67 ‘Draft amendments to FRS 102 - Triennial review - Incremental improvements and clarifications'.

EFRAG endorsement status report 29 June 2017

29 Jun 2017

The endorsement status report has been updated to reflect that ARC voted in favour of endorsing IFRS 16 'Leases' and 'Applying IFRS 9 'Financial Instruments with IFRS 4 'Insurance Contracts'. Final endorsement of both pronouncements is now expected in the fourth quarter of 2017.

EFRAG endorsement status report 27 March 2017

27 Mar 2017

This endorsement status report update reflects that EFRAG published an endorsement advice on IFRS 16 'Leases'.

Deloitte comment letter on FRED 66 — 'Draft amendments to FRS 101 ‘Reduced Disclosure Framework’ 2016/17 Cycle'

24 Mar 2017

We have published our comment letter on the Financial Reporting Council’s (FRC’s) Financial Reporting Exposure Draft (FRED) 66 ‘Draft amendments to FRS 101 ‘Reduced Disclosure Framework’ 2016/17 Cycle’.

EFRAG endorsement status report 14 February 2017

14 Feb 2017

This endorsement status report update reflects that EFRAG published draft endorsement advice on IFRS 16 'Leases'. Endorsement is currently expected in the fourth quarter of 2017.

Point of view — Financial Services — implications of the new leasing standard

07 Feb 2017

With a year having passed since IFRS 16 'Leases' was issued many companies are getting to grips with what it will mean for them. This publication highlights the issues of interest to those in the financial services sector, whether they be lessees, lessors or lenders to lessees.

Deloitte comment letter on the FRC consultation on changes to FRS 102 to reflect recent changes in IFRS

22 Dec 2016

We have published our comment letter on the Financial Reporting Council’s (FRC’s) consultation on changes to FRS 102 to reflect recent changes in IFRS.

EFRAG endorsement status report 12 October 2016

12 Oct 2016

This endorsement status report update reflects that EFRAG has issued a preliminary consultation document relating to the endorsement for use in the EU of IFRS 16 'Leases'.

Need to know — FRC consults on changes to FRS 102 to reflect recent changes in IFRSs

10 Oct 2016

The FRC has published a Consultation Document Triennial review of UK and Ireland accounting standards – Approach to changes in IFRS. This forms part of the first triennial review of FRS 102 and sets the direction of travel for UK GAAP. Areas under discussion within this Consultation include revenue recognition, leases and impairment model for financial assets. This Need to know discusses this Consultation.

Deloitte e-learning — IFRS 16 (advanced)

16 Sep 2016

This Deloitte e-learning module provides training in the background, scope and principles under IFRS 16 'Leases', and the application of this standard. This e-learning builds on the 'IFRS 16 Leases (basic)' e-learning module. In this module, you will deeper dive into the key principles of lease accounting and learn about areas of potential judgment in applying IFRS 16.

Deloitte e-learning — IFRS 16 (basic)

16 Sep 2016

This Deloitte e-learning module provides training in the background, scope and principles under IFRS 16 'Leases', and the application of this standard. In this e-learning module you will learn about how to identify whether a contract is within the scope of the standard and the key principles of lease accounting.

EFRAG endorsement status report 12 September 2016

13 Sep 2016

This endorsement status report update reflects that the International Accounting Standards Board (IASB) published 'Applying IFRS 9 'Financial Instruments' with IFRS 4 'Insurance Contracts'' on 12 September 2016. It also offers an updated estimation regarding the timing of EFRAG's draft and final endorsement advice on IFRS 16 'Leases'.

Thinking Allowed — The new lease accounting

31 Aug 2016

This publication explains the new requirements and gives you some tools for assessing how your financial statements are likely to be affected. It identifies the areas where accounting judgement will be required—mainly around identifying whether you have a lease or a service agreement, or both; renewal options; and determining the discount rate, particularly on property leases.

Leases — A guide to IFRS 16

05 Jul 2016

This guide, in addition to providing a detailed summary and explanations of the requirements of IFRS 16 'Leases' covering all of the requirements of the standard, includes (1) an executive summary; (2) a section focusing specifically on the practicalities of transition; (3) ‘thinking it through’ practical tips interspersed throughout the detailed guide; (4) presentation/disclosure checklists; and (5) a high level IFRS/US GAAP comparison.

EFRAG endorsement status report 17 May 2016

17 May 2016

This endorsement status report update reflects that EFRAG published draft endorsement advice on 'Clarifications to IFRS 15'. Endorsement is currently expected in the first quarter of 2017.

Point of view — Power and Utilities — implications of the new leasing standard

15 Mar 2016

This publication highlights issues from the new leasing standard that will be of interest to those in the Power and Utilities sector.

Stay Tuned Online - IFRS and UK GAAP update March 2016

14 Mar 2016

The following topics are covered in the March 2016 webcast: 1 - Revenue - latest developments, 2 - The Financial Reporting Council's (FRC's) 2015 Corporate Reporting Review, 3 - Leasing - the new International Financial Reporting Standard (IFRS) 4 - a round up of other UK corporate reporting news and 5 - IFRS developments and reminders.

EFRAG endorsement status report 16 February 2016

07 Mar 2016

This endorsement status report update reflects that EFRAG intends to publish draft endorsement advice and final endorsement advice regarding IFRS 16 'Leases' in the second half of 2016.

Point of view — Telecommunications implications of the new leasing standard

15 Jan 2016

This publication highlights issues from the new leasing standard that will be of interest to those in the telecommunications sector

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