IFRS 16 Leases was effective on 1 January 2019. The new standard requires lessees to recognize nearly all leases on the statements of financial position that reflect their right-to-use assets for certain period of time and the associated liabilities for rental payment. In this webinar, we will cover 1. Overview and Scope 2. Separate lease vs non-lease components 3. New model for lessees 4. Variable lease 5. Exemptions 6. Lease term