BLM17000 - IFRS 16 accounting: Contents

This manual is being updated to reflect FRS 102 (2024 amendments). For guidance on the tax treatment of accounts prepared under IFRS 16 or the revised FRS 102, please refer to pages within the BLM50000 chapter.

IFRS 16 ‘Leases’ was issued in January 2016. IFRS 16 is effective for accounting periods beginning on or after 1 January 2019, with earlier application permitted. Therefore if an entity prepares accounts under IFRS or FRS 101 after this date, then its leases will be in accordance with GAAP if it accounts for its leases in accordance with IFRS 16 ‘Leases’.

  1. BLM17005
    Introduction and rationale for IFRS 16
  2. BLM17010
    Scope and exemptions
  3. BLM17015
    Identifying a lease
  4. BLM17020
    Lessor accounting
  5. BLM17030
    Background to lease accounting
  6. BLM17035
    Initial measurement of right of use asset and lease liability
  7. BLM17040
    Subsequent measurement and accounts disclosure
  8. BLM17045
    Sale and leaseback
  9. BLM17050
    Transition to IFRS 16
  10. BLM18000
    Example