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Insights into IFRS 16

Although IFRS 16 has been in effect since 2019, there are still a number of areas that can be challenging in practice. Our ‘Insights into IFRS 16’ series summaries key areas of the standard and aims to demystify those key requirements that are challenging to apply in practice. This article considers the definition of a lease when applying IFRS 16.

Although IFRS 16 has been in effect since 2019, there are still a number of areas that can be challenging in practice. Our ‘Insights into IFRS 16’ series summaries key areas of the standard and aims to demystify those key requirements that are challenging to apply in practice. This article considers the definition of a lease when applying IFRS 16.

This IFRS 15 article deals with Step 3 of the five-step model, which covers determining the transaction price.

This Insight provides an overview of the objective, scope and requirements of IAS 7.

This Insight covers the presentation and disclosure of share-based payment transactions in accordance with IFRS 2.

IFRS Example Interim Condensed Consolidated Financial Statements 2026 publication now available.

Our new article in our Insights into IFRS 18 series aims to provide a comprehensive analysis the new requirements of IFRS 18 for classification of income and expenses.

This article deals with the two-step approach to assessing a principal-agent relationship in cases where a third party is involved in providing the goods or services to the customer.

IFRS Sustainability Disclosure Standards – Example Sustainability-related Financial Disclosures publication now available.

IFRS 15 ‘Revenue from Contracts with Customers’, was jointly developed by the International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) to align revenue reporting practices under IFRS and US GAAP. The objective of the standard is not to alter the definition of revenue, but to improve comparability by establishing a clear framework for recognising and measuring revenue.

The first article in our new Insights into IFRS 18 series aims to provide a snapshot of the new requirements of IFRS 18 for entities applying IFRS Accounting Standards.

The 2026 edition of our annual Navigating the Changes to IFRS publication has been released. It includes changes to IFRS Accounting Standards issued in the past year

This Insight covers the accounting for share-based payment transactions with non-employees.

We have released 'IFRS Example Consolidated Financial Statements 2025' (Example Financial Statements) to support member firms' commitment to high-quality, consistent application of IFRS. The Example Financial Statements illustrate a twelve-month accounting period beginning on 1 January 2025.

This Insight covers the accounting for share-based payment transactions with employees where there are settlement alternatives.