IFRS 16 Leases was issued by the International Accounting Standards Board (IASB) on 13 January 2016 and has a mandatory effective date of 1 January 2019.
The IASB staff have recorded a webcast discussing the lease term requirements in IFRS 16 Leases. In the webcast, IASB Board Member Darrel Scott has shared his thoughts on four implementation questions raised by stakeholders.
This is the seventh in a series of webcasts that the International Accounting Standards Board is providing to support the implementation of IFRS 16. The educational webcasts and webinars was released on:
Oct 2017 Lease Term Q&A with Board Member Darrel Scott
Jul 2017 IFRS 16: Lessee Disclosures
Mar 2017 IFRS 16: Lease Modifications—Lessees
Jun 2016 IFRS 16: Lessee Measurement
Apr 2016 IFRS 16: Definition of a lease
Apr 2016 IFRS 16: Exemptions—Discussion with Board Member Sue Lloyd
Mar 2016 Transition to IFRS 16
Jan 2016 Introducing IFRS 16
The webcast can be accessed from the International Financial Reporting Standards (IFRS) website.
Source: IFRS, 2 October 2017