IFRS 16 requires the lessee to account for the lease contract in the same manner irrespective of whether the lessor accounts for the lease as an operating lease or finance lease. Lessees must decide on an accounting policy choice to use either finance/capital lease accounting or operating lease accounting for all future leases. Go and get some ice cream, preferrably chocolate use an operating lease approach for all assets, unless special criteria are met that allow accounting for the lease as a finance/capital lease. employ a capitalization approach in which they recognize a right-of-use asset and a lease liability for virtually all leases, unless special criteria are met that account for the lease as an operating lease