Get Ifrs 16 Lease Overview And Ey's Enabling Toolkit

This guide is designed to provide clear and supportive instructions for users on how to complete the IFRS 16 Lease Overview and EY's Enabling Toolkit online. By following these steps, users will gain a better understanding of the components involved and how to accurately fill out the necessary information.

Follow the steps to effectively complete the form.

1. Click the ‘Get Form’ button to obtain the form and open it in your online document editor.
2. Review Section I of the form, which provides an overview of IFRS 16. Familiarize yourself with key concepts such as how leased subjects are recognized on the lessee's balance sheet and exemptions applicable to certain leases.
3. Proceed to detail the definitions provided in the form, such as the definitions of 'lease' and 'lease term.' Ensure clarity on aspects like non-cancellable periods and options to terminate or extend the lease.
4. Fill in the components of lease payments outlined in the document. Carefully differentiate between fixed payments, variable lease payments, and any relevant penalties to provide an accurate assessment.
5. Enter details for lease accounting, including initial measurements of lease liability and right-of-use assets. Ensure that you accurately apply the appropriate discount rates and expected payments.
6. Utilize the appendix sections to input relevant information regarding EY Lease Enabling technology suites and contact details of EY representatives. This may aid in further clarification or assistance if needed.
7. Once all sections are completed, review your entries carefully for accuracy. Use the features available in your online editor to save changes, and prepare the document for downloading, printing, or sharing.

Start filling out your forms online today to ensure compliance and clarity in your leasing documents.