IFRS 16 Leases: Implementation
IFRS 16 Leases was issued by the International Accounting Standards Board (the Board) on 13 January 2016 and has a mandatory effective date of 1 January 2019. The Board is currently undertaking a number of activities to support implementation of the Standard. This page will be updated throughout the implementation phase with information relating to these activities.
Educational and implementation materials
In addition to the materials provided with IFRS 16 itself, including the Illustrative Examples, various materials that support implementation of IFRS 16 have already been published or are planned. These are summarised below. Throughout the implementation phase, the Board will monitor implementation and will consider whether additional materials might be helpful.
Materials published alongside IFRS 16
Webcasts and podcasts by IASB staff
Implementation sessions at IFRS Foundation conferences
IASB member articles
Implementation: IASB Monitoring and support
Technical enquiries and implementation issues
After consulting its Advisory Council, the Board decided that it is not necessary to set up a Transition Resource Group to support the implementation of IFRS 16. Nonetheless, we are interested in questions arising during the implementation of new Standards. This provides us with information about developing practice.
Although the Board does not provide a formal technical enquiry service, stakeholders may make us aware of implementation questions relating to IFRS 16 via email to email@example.com. Questions should be submitted only if
- they indicate that IFRS 16 can be applied in different ways that are expected to result in diversity in practice; and
- the question is expected to be relevant to a wide range of stakeholders.
Any question submitted should include a detailed description of the possible ways in which IFRS 16 could be applied. The submitted questions will be evaluated to assess whether further support might be needed.
Education meetings with investors, regulators and national standard setters
These education meetings are intended to educate stakeholders and obtain information about implementation issues and developing practice relating to IFRS 16.