Megérkezett az új lízing standard - IFRS 16

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IFRS 16

Valid from the 1st of January, 2019

The new leases standard

The new IFRS 16 Leases standard is the result of the joint project initiated by the IASB (International Accounting Standards Board) together with the FASB (Financial Accounting Standards Board), the national standard setting body of the United States.

The final version of IFRS 16 was issued in 2016. The adoption of IFRS 16 is mandatory for periods beginning on or after 1 January 2019. Early application of this standard is permitted for entities that have also adopted IFRS 15 Revenue from Contracts with Customers.

The purpose of the new standard is to address concerns raised by users of financial statements in respect of reduced comparability of financial statements due to the significant differences of the accounting method applied to operating and finance leases as well as limitations in disclosures provided on operating leases and on entities’ exposure to risks arising from lease arrangements.

To address those concerns, the two boards decided to develop a new approach to lease accounting that requires a lessee to recognise assets and liabilities for the rights and obligations created by leases (with some limited exceptions), and the previous approach of off-balance sheet recognition of operating lease contracts is no longer used. As a result, the new assets and liabilities included in the financial statements may have a significant impact on the financial statements, performance indicators or even the internal incentive system of an entity. In addition, the new standard also enhances the scope of the required disclosures on leases.

The adoption of the standard will be mandatory as of 1 January 2019 for all entities which prepare IFRS financial statements or adopt IFRS accounting.

Please download our brochure for more information on the new lease standard.

IFRS 16 leasing tool

Deloitte’s proprietary tools enable you to effectively address the challenges and effects of the new IFRS 16 Leases standard. The required accounting data can be extracted from the lease contracts using an artificial intelligence solution. Our “innosys for lease” tool runs the required simulations and analyses the contracts and lease arrangements, offers flexible reporting solutions and is capable of defining the necessary accounting actions for the ERP system. At the same time, these technologies can be easily integrated into the existing systems of our clients, can be tailored to our clients’ needs, and offer a cost-efficient solution throughout the life cycle of the products.

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