BDO releases IFRB 2020/08 – IASB Issues Amendments to IFRS 16: COVID-19 Related Rent Concessions
28 May 2020
On 28 May 2020, the IASB issued final amendments to IFRS 16 related to COVID-19 rent concessions for lessees. These amendments introduce a practical expedient for lessees when accounting for COVID-19 related rent concessions.
BDO has published an IFR Bulletin summarising the amendments to IFRS 16, along with their practical effect and illustrative examples. The publication also includes a flowchart on how the practical expedient created by the amendments is evaluated.
The IFR Bulletin may be accessed here.