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IFRS 16 AMENDMENT

This topic has 3 replies, 2 voices, and was last updated 2 years ago by Stephen Widberg.

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June 28, 2020 at 10:32 pm #574897
misbahkiran
- Topics: 109
- Replies: 194
Hi Sir

In May 2020, IASB issued amendment of IFRS 16 Leases to tackle exactly the rent concessions provided to lessees as a response to the COVID-19 pandemics.

Will it be a part of exam testing in sep 2020?
June 29, 2020 at 12:01 pm #575081
Stephen Widberg
Moderator
- Topics: 10
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Amendment to standard – no

Financial reporting issues arising from COVID – impairment, provisions etc – almost certainly
June 29, 2020 at 8:00 pm #575392
misbahkiran
- Topics: 109
- Replies: 194
In detail syllabus guide line part 4 sub part a its mention that “discuss and apply re measurement of lease liability”. Does that refer to lease modification.?
June 30, 2020 at 1:03 pm #575436
Stephen Widberg
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Yes – there’s agood summary here if you are interested:

https://ifrscommunity.com/knowledge-base/ifrs-16-recognition-and-measurement-of-leases/
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