• IFRS IN PRACTICE 2019/2020

    IFRS 16 Leases

Article:

IFRS IN PRACTICE 2019/2020

13 January 2020

This BDO In Practice sets out the requirements of IFRS 16 in relation to the classification and measurement of leases from the perspective of lessees and lessors and compares those requirements to the previous standards, primarily IAS 17. It should be noted that the guidance relating to lessor accounting remains largely unchanged from IAS 17, so the focus of this publication is on the requirements for lessees.