IFRS (International Financial
Reporting Standards)

  • Share

Leases

The IASB has issued IFRS 16 Leases, its new leases standard that requires lessees to recognise assets and liabilities for most leases. Lessees applying IFRS 16 will have a single accounting model, with certain exemptions. Lessors applying IFRS 16 will classify leases using the same principle as in IAS 17 and lessor accounting is substantially unchanged. The IASB and the FASB have made different decisions during their deliberations. In some cases, these differences will result in similar transactions being accounted for differently under IFRS and US GAAP.

EY video

EY thought leadership

General materials

Industry materials

Contact us

Feedback on these materials is welcome.

Connect with us