In brief - A look at current financial reporting issues

Jan 2016

It's finally here - the IASB publishes a new standard on lease accounting!

On 13 January 2016 the IASB announced IFRS 16 Leases, which is due to come into effect on 1 January 2019. Going forward, there is no more operating lease accounting for lessees and they will have to report nearly all leases on the balance sheet. We expect that IFRS 16 will have significant financial statement impacts for many organisations. This "In brief" highlights major changes of IFRS 16.

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