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