This presentation has been prepared in connection with the announcement of the IFRS 16 technical guidance relating to the financial results for the twelve months ended 31 January 2019 and six months ended 31 July 2018. As a result, your specific disclosures may not look exactly the same as the ones we’ve chosen. IFRS 16 – Leases Presented by Susan M. Cosper Technical Director Financial Accounting Standards Board, United States This material has been reproduced in the language and form as it was provided. IFRS Training Program Day 3 December 4, 2008 Submitted by Mukesh Thakur IAS 16: Property, Plant and Equipment (PPE) Comparison with Indian GAAP Comparison ... – A free PowerPoint PPT presentation (displayed as a Flash slide show) on PowerShow.com - id: 3bc71b-YWNlZ IFRS UPDATE AND IFRS 16 TRAINING Presentation slides TUESDAY 3 RD DECEMBER 2019. • The objective of the new standard is to move operating leases to the lessee’s balance sheet creating a lease liability and a right-of-use asset. The standard eliminated the distinction between operating and finance lease initially provided for by IAS 17. • Per IFRS 16, “a contract is, or contains a lease if the contract conveys the presentation 17 April ‘18 –Q1 ‘18 press release 17 July ‘18 - presentation 6 Feb ‘18 –Q4 ‘17 press release 5 Oct ‘18 –Full details by quarter for ‘17 on IFRS 15/16 impact 6 Feb ’19 –Audited 2018 results under IFRS 15/16 IASB technical update: IFRS amendments expected in 2019, Consultation documents, Maintenance projects — issued and upcoming exposure drafts, Work in progress 2019, Completed projects (76 slides) Guide to new standards — IFRS 9, IFRS 15, IFRS 16 and research opportunities (67 slides) Primary financial statements (19 slides) This standard effectively replaced IAS 17, accounting for leases with effect from January 2019. IFRS 16 SALES AND LEASEBACK GROUP 7 DEFINITION … •Effective for annual periods beginning on or after January 1, 2019. View Group 7-IFRS 16 FINAL PPT.pptx from ACCT MISC at New York Institute of Technology, Vancouver. The views expressed are those of the author and do not necessarily reflect the views of UNCTAD. Effectively, IFRS 16 introduced: IFRS Update – December 2019 Overview of the IFRS Update • Introduction and IFRS Round up • Changes effective in 2018 • Changes effective from 1 January 2019 • Changes effective on or after 1 January 2020 Download IFRS 16 - Presentation and disclosure [ 227 kb ] When it comes to the notes, the Standard tends to focus on the details of the information to be provided, leaving it to preparers to decide on the most meaningful way to present it. on the accounting for leases; IFRS 16. IFRS 16 sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract, namely, the customer (‘lessee’) and the supplier (‘lessor’). Scribd is the world's largest social reading and publishing site. IFRS 15 new friday (2).ppt - Free download as Powerpoint Presentation (.ppt), PDF File (.pdf), Text File (.txt) or view presentation slides online. IFRS 16 completes the IASB’s project to improve the financial reporting of leases. • Recognition exemptions exist for low value and short term leases. IFRS 16 is effective from 1 January 2019.

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