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Voices on Reporting - Key implementation challenges for technology sector in relation to the new leases standard

Special session: Key implementation challenges for tech

In this session of VOR, we discussed the significant areas relating to lease accounting and also highlighted some of the key implementation areas that could be challenging for the companies in the technology sector with the help of practical examples.

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The new standard on leases, Ind AS 116, Leases, is effective from 1 April 2019. Ind AS 116 brings fundamental change in lease accounting by requiring most operating leases to be recognised on the balance sheet by a lessee. The new accounting guidance is likely to impact a large number of entities operating in diverse sectors particularly on key metrics such as Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA), debt/equity ratio, etc.

In this session of VOR, we discussed the significant areas relating to lease accounting and also highlighted some of the key implementation areas that could be challenging for the companies in the technology sector with the help of practical examples. 

 

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Slidedeck (PDF, 671 KB)

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