IFRS 16: exemption issues
The procedure for the preparation and presentation of financial statements regarding leases is established by IFRS 16 Leases, effective from 1 January 2019. The article discusses the key points of IFRS 16 "Leases", the issues of "exemption" from the application of the standard, the problems of meeting the criteria for "exemption". The problems that are important for lessees in general are listed, which enables accountants to work in the event of a “release”, according to a simpler scheme, without applying the requirements of IFRS 16 “Leases”.