Local Authority Leasing Briefings

To support the implementation of the new adoption of IFRS 16 Leases in the Local Authority Accounting Code CIPFA is producing a series of Briefings.

The CIPFA/LASAAC Local Authority Accounting Code Board has issued its consultation on the adoption of IFRS16.

Local Authority Leasing Briefing 1 (PDF, 227KB)

This briefing focuses on recognition and measurement and the adaptations to the Code for the adoption of IFRS 16.

Local Authority Leasing Briefing 2 (PDF, 192KB)

This briefing focuses on identifying the lease, recognition exemptions, portfolio application and transitional reporting requirements under IFRS 16 and provides an update on the impact assessment process.