IFRS 16 leases

International Financial Reporting Standard 16, which governs the accounting for leases. IFRS 16 leases: An accounting standard that requires lessees to recognize most leases on their balance sheets as a right-of-use asset and a lease liability. IFRS 16 leases - An international financial reporting standard concerning the accounting treatment of leases. IFRS 16 leases - An accounting standard that requires lessees to recognize right-of-use assets and lease liabilities on the balance sheet, removing the distinction between finance and operating leases. An accounting standard related to leases. An accounting standard that sets out the principles for financial reporting by users of financial statements. An accounting standard that requires lessees to recognize right-of-use assets and lease liabilities on the balance sheet, removing the distinction between finance and operating leases.