Thelma Welgemoed

Find me on:

IFRS 16 Leases LOIS Leasing Software

Are all your ducks in a row? Getting your project fixes right

Thelma Welgemoed on Oct 8, 2019 1:44:20 PM

Do you wonder why some project fixes work better than others? Or why some projects seem to align closer to business requirements? 

I remember reading a project management article some time ago and one key phrase has always stuck with me: “Issues created upstream can never be solved downstream”.

IFRS 16 Leases LOIS Reporting changes Quadrent

Compliance with IFRS 16 Lease Accounting Standard is now (for some lucky entities...)

Thelma Welgemoed on Jan 22, 2019 10:02:26 AM

IFRS 16 is here to stay and companies must implement for their first balance data after Jan 2019.

Asset Leasing Asset Finance Leasing Software New Accounting Standard

Over 100 Leases - You need a system

Thelma Welgemoed on Aug 23, 2018 1:16:32 PM

If you have over 100 leases the experts are saying that you will need a leasing system for compliance to IFRS when transitioning to IFRS 16.  The complexities involved in data collection and reporting are too complex to be done in Excel.

IFRS 16 Leases Reporting changes New Accounting Standard

Will IFRS 16 change the lease decision?

Thelma Welgemoed on Aug 16, 2018 7:35:39 AM

Will the change in accounting under IFRS 16 change the way management view the decision to lease or buy and is there any value in still leasing assets?

IFRS 16 Leases LOIS Transition Approach

Financial statements, Quality or not?

Thelma Welgemoed on Aug 2, 2018 8:25:56 AM

In June 2018 the FMA issued a report “Improving financial statements”.  This was a follow up on the December 2014 Report: Quality Financial Reporting – How to Improve Financial Statements. The level of change in financial statement of the NZX50 varied substantially.  Entities considered focusing content on what was most important, changing the layout to improve clarity and removing irrelevant information. For the full report click here.

IFRS 16 Leases LOIS Transition Approach

Not another IFRS implementation

Thelma Welgemoed on Jul 26, 2018 12:46:47 PM

Is the thought of another new standard upgrade starting to do your head in? You’ve just barely got through IFRS 15 and now you’re having to think IFRS 16: Leases too?