Ready for IFRS 16? The lease accounting standard [white paper]Gareth Walters
Are you ready for IFRS 16?
If you are looking for more guidance on how to handle the accounting standard IFRS 16, then take a look at this whitepaper from our partners, LucaNet. Using their knowledge and experience of IFRS 16, they have developed software specifically built to handle this lease management standard.
Whitepaper executive summary:
IFRS 16 Leases represents a fundamental change in the accounting for leases on the part of lessees. Leases that were once treated “off-balance” as operating leases are now required to be recognized on-balance, resulting in enormous impacts on financial figures. With the implementation of the new standard, companies are faced with large-scale procedural challenges, entailing the necessity for the systematic preparation and monitoring of all lease contracts. Read our current white paper on this issue and obtain a clear overview of the new accounting standard.
Download the whitepaper to learn:
- about the objective of IFRS 16;
- about the requirements introduced by IFRS 16;
- how the new accounting standard will affect lessees;
- how you can use specialist software, like LucaNet IFRS 16 software, to manage the implementation of the new requirements.