Clarity on IFRS 16: Leases

Clarity on IFRS 16: Leases

Webinar date: 27 May 2020

IFRS 16 came into effect at the beginning of 2019. Lessees that have historically treated leasing arrangements as operating leases in the financial statements (i.e. the business pays rent) would have been affected by this standard.

There is still much uncertainty around IFRS 16 and the implication of this new standard.

This webinar aims to clarify any confusion as entities are already required to be applying this standard when accounting for its leases. We cover:

• The impact on profit and loss
• “Right of use” assets and lease liability
• The impact on the statement of financial position
• The Two exemptions
• low value assets and short term leases