Will IFRS 16 change the lease decision?

Posted by Thelma Welgemoed on Aug 16, 2018 9:35:39 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?

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Topics: IFRS 16, Leases, accounting standard, Reporting changes

Quadrent signs LOIS agreement with Freightways

Posted by Danielle Prendergast on Aug 10, 2018 12:45:08 PM

Quadrent is pleased that another existing customer is taking up the LOIS solution and looks forward to providing its leasing insights to Freightways’ as part of the LOIS onboarding experience.

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Topics: IFRS 16, Leases, LOIS, ifrs 16 implementation, lease accounting software

Financial statements, Quality or not?

Posted by Thelma Welgemoed on Aug 2, 2018 10:25:56 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.

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Topics: IFRS 16, Leases, LOIS, transition approach

Not Another IFRS implementation

Posted by Danielle Prendergast on Jul 26, 2018 2:46:47 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?

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Topics: IFRS 16, Leases, LOIS, transition approach

Quadrent Welcomes Thelma Welgemoed

Posted by Danielle Prendergast on Jul 26, 2018 10:14:37 AM

 Quadrent is pleased to welcome Thelma Welgemoed to its well established and growing LOIS team in Auckland. 

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Topics: Quadrent

Quadrent Welcomes Hugh Taylor

Posted by Danielle Prendergast on May 17, 2018 12:15:25 PM

 Quadrent is pleased to welcome Hugh Taylor to its Business Development team in Sydney. 

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Topics: Quadrent

IFRS16 and the Telecommunication industry

Posted by Antonia Churcher on May 14, 2018 4:44:08 PM

The telecommunication industry is thought to be amongst one of the most affected sectors. The IFRS16 new accounting standards are nearly here and there is little time to prepare, but we are here to help.

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Topics: IFRS 16, Telecommunication industry

IFRS 16: The complete lease accounting solution for energy companies

Posted by Danielle Prendergast on Apr 3, 2018 9:40:46 AM

The new accounting standard for leases is happening and it will impact your balance sheet. Quadrent delivers a best-of-breed, Cloud-based lease management system that will cost-effectively manage both your transition to IFRS 16 and ongoing lease portfolio.

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Topics: IFRS 16, energy sector, lease accounting software

All About LOIS

Posted by Danielle Prendergast on Mar 26, 2018 11:33:58 AM

Check out the new look and feel of our relaunched our LOIS website! 

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Topics: asset leasing, asset finance, lease accounting software, new accounting standards

Don't wait till its too late..

Posted by Danielle Prendergast on Feb 22, 2018 9:32:04 AM

Even though the official implementation date for IFRS 16 lease accounting changes is 1st January 2019, there is a large amount of work involved in preparing the business and becoming compliant.

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Topics: IFRS 16, lease accounting software