Don’t neglect this one aspect of IFRS 16 (Leases)!

As I’m sure everyone is well aware, IFRS 16 is now effective for annual periods beginning on or after 1 January 2019. Although for most of you this means a very real impact only in your 2019 financial statements, there are the (un)lucky few that have to prepare half year reports. But even before we hit that mark, there is the future impact assessment—require […]

How to get on your way to IFRS 16 (leases)

Since the arrival of IFRS 16, the new standard on lease accounting, debates have arisen over how accounting for leases will change and how organisations will be affected. Even now, when IFRS 16 readiness comes up, it’s clear that most issuers have not yet finished (or even begun) their impact assessments. With the standard becoming effective on 1 January 2019, […]

IFRS 16 Leases: what’s the big deal?

In fact, there isn’t just one big deal, but several little deals, and this is exactly why this standard is so complex. With each page you turn and brochure you read, another exception, complexity, or exemption is revealed. Currently IFRS 16 is all the rage and, if you’re not talking about it, you probably feel like you’re missing something. Why? What is […]