EFRAG issues feedback summary on recent leases outreach event

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

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.

The outreach event provided investors an opportunity to learn about the main changes between IFRS 16 and IAS 17 as well as the differences between IFRS 16 and the US GAAP equivalent standard. In addition, participants provided their views on the leases standard, which included discussions on:

  • Advantages and disadvantages of IFRS 16 for financial statement users.
  • Population of contracts captured by the scope of IFRS 16.
  • IFRS 16 presentation requirements.
  • Non-GAAP measures.
  • Overall impact of IFRS 16.

For more in­for­ma­tion, see the feedback summary on the EFRAG’s website.

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