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IFRS 16 resources

IFRS 16 Leases has been published and is effective for periods beginning on or after 1 January 2019.  The FRC expects companies to apply this new standard properly and provide sufficient specific disclosure of the impact including key judgements made and clear communication of the transition methods adopted. It has published a thematic review to help companies with disclosures in this area.    

This page includes all of our resources on IFRS 16 to help preparers for the forthcoming reporting season.  It includes links to:

Additionally this page includes groupings for:

IFRS 16 resources

IASB publishes editorial corrections

10 Mar 2016

The IASB has published a batch of editorial corrections that retract a previous correction and impact stand-alone standards and the IASB's “2015 IFRS (Red Book)”, "A Guide Through IFRS 2015", and "2016 IFRS (Blue Book)".

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.

FASB issues ASU on leases

25 Feb 2016

The FASB has issued its new leases standard, ASU 2016-02.

IASB issues "Investor Perspectives" article on leases

29 Jan 2016

The IASB has issued the latest issue of "Investor Perspectives." In this edition, Sue Lloyd (IASB board member) discusses the key features in the new leases standard.

IFRS Foundation publishes proposed IFRS Taxonomy update for IFRS 16 'Leases'

21 Jan 2016

The IFRS Foundation has published a proposed IFRS Taxonomy update 'IFRS Taxonomy 2015 — IFRS 16 'Leases''.

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

Recording of the IASB web presentation on the new leases standard

15 Jan 2016

On 13 January 2016, the day IFRS 16 'Leases' was issued, the staff of the IASB introduced the new standard in a web presentation. A recording of the presentation and the presentation slides are now available on the IASB website.

Point of view — Property occupiers implications of the new leasing standard

14 Jan 2016

This publication highlights issues from the new leasing standard that will be of interest to property occupiers.

Point of view — Aviation implications of the new leasing standard

14 Jan 2016

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

Need to know — IASB issues IFRS 16 – Leases

14 Jan 2016

This newsletter provides a comprehensive overview of the IASB's new standard, IFRS 16 'Leases'.

IASB updates work plan

14 Jan 2016

Following the issuance of IFRS 16 yesterday, the IASB has updated its work plan.

EFRAG endorsement status report 13 January 2016

13 Jan 2016

This endorsement status report update reflects the issuance of IFRS 16 'Leases' by the IASB on 13 January 2016. It is yet to be determined when endorsement might be expected.

Robert Bruce interviews — Bringing greater clarity to leases: IFRS 16

13 Jan 2016

In this video interview, Robert Bruce talks with IASB Chairman, Hans Hoogervorst and Deloitte's Global IFRS Leader, Veronica Poole about the new Standard on lease accounting, IFRS 16. The 14-minute video interview discusses: the implications of the new Standard; its implementation; why it was required; what changes it will bring about; what companies, investors, and the capital markets need to know and understand; and the issues which they are all going to have to tackle in the coming years as a result.

Robert Bruce interviews — Bringing greater clarity to leases: IFRS 16

13 Jan 2016

In this video interview, Robert Bruce talks with IASB Chairman, Hans Hoogervorst and Deloitte's Global IFRS Leader, Veronica Poole about the new Standard on lease accounting, IFRS 16. The 14-minute video interview discusses: the implications of the new Standard; its implementation; why it was required; what changes it will bring about; what companies, investors, and the capital markets need to know and understand; and the issues which they are all going to have to tackle in the coming years as a result.

The Bruce Column — Bringing clarity to leases: The new standard

13 Jan 2016

IFRS 16, the long-awaited standard on leasing, is published. Now the task of implementing it begins. Our resident, regular columnist, Robert Bruce, takes a look at what is involved.

IASB issues new leasing standard

13 Jan 2016

The International Accounting Standards Board (IASB) has published a new standard, IFRS 16 'Leases'. The new standard brings most leases on-balance sheet for lessees under a single model, eliminating the distinction between operating and finance leases. Lessor accounting however remains largely unchanged and the distinction between operating and finance leases is retained. IFRS 16 supersedes IAS 17 'Leases' and related interpretations and is effective for periods beginning on or after 1 January 2019, with earlier adoption permitted if IFRS 15 'Revenue from Contracts with Customers' has also been applied (subject to EU endorsement).

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.