What should your priorities be?
“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.”
“Organisations should primarily focus on setting up a compliant process first and then aim to make this more sustainable and efficient later.”
“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.”
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.
© 2020 KPMG IFRG Limited, a UK company, limited by guarantee. All rights reserved.
© 2021 KPMG IFRG Limited, a UK company, limited by guarantee. All rights reserved.