IFRS 16 resources

Whilst leases do not feature in the Financial Reporting Councils (FRC's) top ten findings for 2022/23, the FRC's previously issued IFRS 16 thematic, sets out the FRC's expectations for high-quality reporting in this area and highlights those areas where improvements to reporting quality have been identified in the past.  The FRC expects to see:

  • Accounting policies tailored to the company’s specific circumstances, covering all material aspects of leasing arrangements (eg accounting for non-lease
    components, sale and leaseback transactions and the company’s activities as a lessor).
  • Disclosure clearly explaining the significant judgements made by management (particularly to determine the lease term) and estimation uncertainty.
  • Adequate presentation of leasing arrangements in primary statements
  • Sufficient level of qualitative and quantitative information in respect of the company’s leasing arrangements and their financial effects.
  • Material balance sheet movements in right of use assets and lease liability balances explained.
  • Clear explanation of the circumstances in which the interest rate implicit in the lease can be determined.
  • European Securities and Markets Authority guidelines being followed for alternative performance measures (APMs) presented. 

This page includes all of our resources on IFRS 16.  It includes links to:

IFRS 16 resources

HMRC consults on changes to lease taxation as a result of IFRS 16

12 Aug, 2016

HM Revenue and Customs (HMRC) has published a consultation on the impact of International Financial Reporting Standard (IFRS) 16 ‘Leases’ on the taxation of leases of plant or machinery and possible options to address those impacts.

ICAEW and IFRS Foundation announce IFRS 16 conference

21 Jul, 2016

The IFRS Foundation, along with the Institute of Chartered Accountants in England and Wales (ICAEW), will be hosting an IFRS conference on the implementation of IFRS 16, "Leases," in London on 7 October 2016.

EFRAG issues feedback summary on recent leases outreach event

20 Jul, 2016

The European Financial Reporting Advisory Group (EFRAG) has issued a summary of the feedback received on a joint leases outreach event co-hosted by the European Federation of Financial Analysts Societies (EFFAS), and the Association Belge des Analystes Financiers (ABAF/BVFA) on 5 July.

IASB posts webcast on IFRS 16 lessee measurement

30 Jun, 2016

As part of the IASB's webcast series on IFRS 16 implementation, the IASB staff has made available a webcast discussing the measurement requirements for lessees in IFRS 16 'Leases'.

EFRAG, EFFAS and ABAF/BVFA joint investor outreach on leases

20 May, 2016

The European Financial Reporting Advisory Group (EFRAG), the European Federation of Financial Analysts Societies (EFFAS), and the Association Belge des Analystes Financiers (ABAF/BVFA) will host a joint event on 5 July in Brussels on new leases standard, IFRS 16.

IASB publishes editorial corrections

20 May, 2016

The IASB has published editorial corrections to consequential amendments made by IFRS 16 'Leases'.

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.

IASB posts webcast featuring Sue Lloyd on IFRS 16 exemptions

03 May, 2016

As part of the IASB's webcast series on IFRS 16 implementation, the IASB staff has made available a webcast on recognition exemptions for lessees, featuring IASB board member Sue Lloyd.

ICAEW to hold a technical update event

19 Apr, 2016

The Institute of Chartered Accountants in England and Wales (ICAEW) is holding a technical update event in May for recently qualified members.

IASB webcast on the definition of a lease now available

13 Apr, 2016

As part of the IASB webcast series on IFRS 16 implementation, the IASB staff has made available a webcast related to the definition of a lease.

IASB Chairman discusses lease accounting

01 Apr, 2016

IASB Chairman Hans Hoogervorst has written an article “Shining the Light on Leases” that discusses the problems with current lease accounting requirements and how the IASB addresses these in its new standard IFRS 16 'Leases'.

IASB updates editorial corrections

24 Mar, 2016

The IASB has published an updated version of the editorial corrections made available on 9 March 2016.

IASB issues "Investor Update" newsletter

22 Mar, 2016

The IASB has issued the ninth edition of its newsletter “Investor Update,” which provides investors with quick access to information about current accounting and financial reporting topics.

IASB webcast on IFRS 16 transition now available

18 Mar, 2016

As part of the IASB webcast series on IFRS 16 implementation, the IASB staff has made available a webcast related to IFRS 16 transition requirements for lessees.

IFRS conference on implementing IFRS 16

17 Mar, 2016

The IFRS Foundation has announced an IFRS conference 'Implementing IFRS 16: Leases' in London on 20 May 2016.

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.

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.

Correction list for hyphenation

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