How do I adopt IFRS 16 for IAS and FRS 101 clients?

Article ID

how-do-i-adopt-ifrs-16-for-ias-and-frs-101-clients

Article Name

Created Date

6th February 2020

Product

Problem

How do I adopt IFRS 16 for IAS and FRS 101 clients?

Resolution

The effective date for IFRS 16 is for periods starting on/after 01/01/2019 with early adoption only permitted if the entity is also applying IFRS 15.
For periods beginning 01/01/2019, IFRS16 automatically applies
To early adopt, go to: Edit | Data Screens | IFRSs- Early Adoption- tick IFRS16 box

Thank you for your feedback.

Was this useful?

Yes No

We are sorry you did not find this KB article helpful. Please use the box below to let us know how we can improve it.

Escalate to Support?

First Name *

Last Name *

Company Name *

Email Address *

Phone Number *

IRIS Feedback *

For information on how we manage your data please view our privacy policy