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.
This webcast discusses the IFRS 16 requirements and application guidance relating to the definition of a lease, practical differences between IFRS 16 and the previous definition of a lease in IAS 17 and IFRIC 4, and how entities should account for contracts with both lease and service components.
The new webcast and all previous webcasts of the series available on the IFRS 16 implementation page on the IASB’s website.