IFRS16 and the Retail Industry

Posted by Karina Yamamoto on Aug 22, 2017 10:46:19 AM

The new lease accounting standard will greatly impact the accounting for lease transactions. This will encompass significant business implications for retail.

Under IFRS16 almost all leases will be recognised on the balance sheet, with a right-of-use asset and financial liability that recognise more expenses in profit or loss during the earlier life of a lease. This will have an associated impact on key accounting metrics which will largely affect the retail industry.

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Topics: IFRS 16, Retail Industry