IFRS 16 Resources - Nomos One

What is IFRS 16? A Complete Guide to Understanding Lease Accounting

Written by David Hayman | Apr 17, 2023 2:52:57 AM

 

Download our IFRS 16 Guide

IFRS 16 is a lease accounting standard developed by the International Accounting Standards Board (IASB), issued on January 13, 2016, and effective for annual periods beginning on or after January 1, 2019. The new standard replaces the previous lease accounting standard, IAS 17, and introduces significant changes in how leases are accounted for and reported in financial statements. Complete the form below to get our comprehensive guide to IFRS 16.