IFRS 16 provides guidance on accounting for leases.
The standard becomes effective for fiscal years beginning on 1st January 2019 or during calendar year 2019.
The SAP Business ByDesign Development team are currently working on an adoption plan of the IFRS 16 principles, analyzing the implications for leasing providers (lessors) on the one hand and lessees on the other hand, into SAP Business ByDesign.
Early application of the IFRS 16 Leasing principle is permitted, which can, however, only be achieved through individual identification of a suitable solution and its respective implementation into SAP Business ByDesign.
For Information on the IFRS 15 implementation please see:
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