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.
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.
Check out the new look and feel of our relaunched our LOIS website!
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.
60% of the equipment we lease is IT related, but you may be surprised at some of the assets in the other 40%, like wine barrels!
Often we get asked why would you lease, especially if you are large corporate as large corporates can get really cheap debt.
Quadrent's 2nd Annual Curekids golf day took place on the 30th November 2017 at Auckland's North Shore Golf course. We'd like to thank everyone involved and are proud to announce $33k was raised for Curekids.
The new global standard for accounting is here and companies are running out of time to comply with the changes, so we have created a simple timeline to help your business to get ready for the IFRS16 changes.