Fundamental changes in lease accounting
The new leases standard – IFRS 16 – will require companies to bring most leases on-balance sheet from 2019. At that time, the accounting treatment of leases by lessees will change fundamentally. For some, the new standard will have a significant impact on their financial KPIs and their systems and processes.
Our materials will help you understand the new requirements, assess the impact on your company, and keep up to date with the latest developments on the new standard.
IFRS 16 is a major data and calculation-heavy standard, and may require robust IT systems to ensure effective implementation.