IFRS 16 Leases: Reporting alert

Accounting for leases is changing. Are you ready? Ensure your accounting and reporting systems are up to date with this reporting alert on IFRS 16 Leases.

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In January 2016, the International Accounting Standards Board (IASB) published a new standard, IFRS 16 Leases, that sets out the principles for the recognition, measurement, presentation and disclosure of leases.

This alert highlights the basic requirements of the new standard, considers possible business implications and suggests an action plan to implement the new standard.

You will learn about:

  • what has changed
  • why IFRS 16 matters to you
  • when IFRS 16 is effective
  • the transitional requirements
  • the basics of IFRS 16
  • the effect IFRS 16 will have on financial metrics
  • how the changes affect your business
  • opportunities that exist for coordinating implementation with other standards
  • a suggested action plan
  • available resources