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Preparing for IFRS 16, the new leases standard

Preparing for IFRS 16, the new leases standard

What should your priorities be?


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In the tenth podcast of the series, Ruben Rog, Julianna Obal and Dan Bealing discuss where the average company should realistically be with their preparations for IFRS 16 Leases and what they should be prioritising.  

“Whatever the impact is, it makes sense to think hard about the needs of your outside stakeholders – such as investors, banks and lease providers – who may all have expectations that are impacted by IFRS 16.”

Ruben Rog
Partner, KPMG Netherlands


“Organisations should primarily focus on setting up a compliant process first and then aim to make this more sustainable and efficient later.”

Dan Bealing
Senior Manager
Management Consulting – Finance Transformation


“It’s not just about pulling dates and payments from the lease contract. IFRS 16 is also asking us to make some really complex judgements, thinking about business and market factors that’ll impact the lease.”

Julianna Obal
Manager, Accounting Advisory Services

For a one-page overview of the priorities explored in this podcast, take a look at our pdf episode summary (PDF 106 KB). A full transcript (PDF 77 KB) is also available. 

Our Leases topic page offers a wide range of materials that will help you transition to the new standard, whatever stage you're at.

Visit our IFRS Today landing page to view other episodes in this series. 

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