The IFRS 16 Lease Accounting Handbook explains how the standard eliminates operating lease classification, requiring most leases to be recognized on balance sheets as right-of-use assets and liabilities. It covers key changes from IAS 17, calculation methods using implicit or incremental borrowing rates, and the impact on financial metrics, covenants, and administrative workload. The guide details transition options, variable rent treatment, and real-world examples showing front-loaded expenses. It emphasizes early preparation, defining compliance objectives, sustainable processes, and adopting lease accounting software over spreadsheets to ensure long-term accuracy, auditability, and efficiency.

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