IFRS 16 Leases – Where are companies underestimating the impacts?
IFRS 16 – Underestimating the impacts
There are some implementation and process changes to be addressed in the near term
“I'd say there are three key areas where people underestimate the impact: lessor accounting; inter-company leases; and, of course, systems challenges." Brian O’Donovan
"Don’t get trapped into thinking that – once you’ve gone through the effort to pick the software – the bulk of the project is done.” Mag Stewart
"From what we’re seeing, most companies are opting for the modified retrospective approach.” Jeff King |
Here is some further guidance on intercompany leases (PDF 64 KB) for treasurers and financial controllers. A full transcript (PDF 588 MB) of this episode is also available.
Our IFRS – Leases topic page offers a wide range of materials that will help you transition to the new standard, whatever stage you're at.
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