How will IFRS 16 affect Lease Accounting?

On January 1st, 2019, new accounting standards from IASB will take effect. IFRS 16 will bring all leases onto the balance sheet, impacting the accounting processes of any entity that leases assets. 


According to a recent poll, fewer than 5% of organisations have a dedicated lease accounting system in place. Now is the time to start reviewing your processes.

Here are some steps you can take in preparation for IFRS 16:


5 STEPS IN PREPARATION FOR IFRS 16 RAMI 01 011

 

View the text information for the steps you can take in preparation for IFRS 16.