Last updated on Wednesday, 13 January 2016 09:36
The International Accounting Standards Board® today issued a new Leases Standard, IFRS 16.
It replaces accounting requirements introduced more than 30 years ago that are no longer considered fit for purpose, and is a major revision of the way in which companies account for leases.
For an overview of the new Standard, watch a video of IASB Chairman Hans Hoogervorst discussing the new requirements.
Also available accompanying the Standard are:
- an Effects Analysis [PDF]; and
- a Project Summary [PDF]
Read the full press release here.
WEB PRESENTATIONS
We are hosting two web presentations on 13 January (one at 9am and one at 3pm GMT) in which IASB staff will be introducing the Standard. To register for one of these webcasts, please click here.
IFRS 16
eIFRS subscribers will be able to download the Standard here. Comprehensive subscribers will be sent a printed copy. Printed copies will also be available to order from the Web Shop.