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IFRS 16 Leases - IFRS Interpretations Committee agenda decisions – part 2
In this episode, we discuss two agenda decisions reached by the IFRS Interpretations Committee about the application of IFRS 16 Leases in late 2019.
The IFRS Interpretations Committee has, in the last two meetings of 2019, published two more agenda decisions on leases. In this episode, we take a closer look at them:
- The first agenda decision is about the definition of a lessee’s incremental borrowing rate in IFRS 16 finalized at the September 2019 meeting.
- The next agenda decision about the lease term as well as the useful life of non-removable leasehold improvements which was finalized at the Committee’s November 2019 meeting.
If you are interested in more detail in to the lease term issue we just discussed, please refer to our publication, IFRS Developments 157 Lease term and useful life of leasehold improvements on this issue.