BDO submits comment letter on Request for Information: Post-implementation Review – IFRS 16 Leases
BDO submits comment letter on Request for Information: Post-implementation Review – IFRS 16 Leases
BDO submitted its comment letter on the Request for Information: Post-implementation Review – IFRS 16 Leases.
BDO is generally of the view that IFRS 16 has achieved its objective and its core principles are clear. However, BDO suggested that the International Accounting Standards Board (IASB) could provide further guidance or illustrative examples to help preparers of financial statements with certain judgemental matters, such as determining:
The comment letter may be accessed here.
BDO is generally of the view that IFRS 16 has achieved its objective and its core principles are clear. However, BDO suggested that the International Accounting Standards Board (IASB) could provide further guidance or illustrative examples to help preparers of financial statements with certain judgemental matters, such as determining:
- whether a contract falls within the scope of IFRS 16
- the lease term
- the accounting treatment for variable lease payments that become in-substance fixed payments
- the incremental borrowing rate.
The comment letter may be accessed here.