BLM17000 - IFRS 16 accounting: Contents

IFRS 16 ‘Leases’ was issued in January 2016. IFRS 16 is effective for accounting periods beginning on or after 1 January 2019, with earlier application permitted. Therefore if an entity prepares accounts under IFRS or FRS 101 after this date, then its leases will be in accordance with GAAP if it accounts for its leases in accordance with IFRS 16 ‘Leases’.

1. BLM17005

   Introduction and rationale for IFRS 16
2. BLM17010

   Scope and exemptions
3. BLM17015

   Identifying a lease
4. BLM17020

   Lessor accounting
5. BLM17030

   Background to lease accounting
6. BLM17035

   Initial measurement of right of use asset and lease liability
7. BLM17040

   Subsequent measurement and accounts disclosure
8. BLM17045

   Sale and leaseback
9. BLM17050

   Transition to IFRS 16
10. BLM18000

    Example