IFRS 16 - Leases

What is new in the standard?

All leased assets that are used for the business with lease period over 1 year will be capitalized on balance sheet, that will increase firm's assets and liabilities. Introduction of dividing line between leases of assets that will be on balance sheet and service contracts that will remain off balance sheet. More companies will have the same assets on balance sheet, because the lessor and lessee have inconsistent accounting frameworks for leases.

New requirements are effective from 1 January 2019.

What do we offer?

Explanation of new IFRS16 principles using illustrative examples. It covers:

• Lease definition (including identification of services contract or lease of asset) 
• Lessee accounting
• Lessor accounting
• Other leased topics
• Transition options
• Disclosures
  

Explanation of the impact of standard on the financial statements by using illustrative examples.

More information below >>