IFRS 16 Leases Asset Finance Leasing Software AASB 16

IFRS 16 Accounting solution - A comparison

Stefan Iggo on May 5, 2020 12:07:13 PM

In 2019 PWC conducted a Global IFRS 16 post implementation survey which "sought to understand how IFRS 16 implementations progressed and where challenges continue to reside post-transition". 

IFRS 16 Leases Asset Finance New Accounting Standard AASB 16

IFRS 16 implementation - how well has it gone?

Carolyn Monk on Apr 23, 2020 10:55:48 AM

As we ramp into 2020, let’s take a look at what IFRS 16 has meant to you and other businesses.

IFRS 16 Leases Asset Finance New Accounting Standard AASB 16

IFRS 16 Accounting considerations and COVID19

Carolyn Monk on Apr 21, 2020 9:23:23 AM

In a world of constant change due to COVID-19, the IASB released an update on 10 April 2020 on how to consider changes that businesses may face with regards to leases.  In particular they have focused on payment holidays/concessions that businesses may receive as a result of the impact from COVID-19. The article focuses on the following main considerations:

IFRS 16 Asset Finance New Accounting Standard AASB 16

Spreadsheets Vs. Software – evaluating the best approach for IFRS 16

Carolyn Monk on Jan 30, 2020 10:39:06 AM

It is often our experience that C level executives consider IFRS 16 / AASB 16 solely a compliance exercise and as such approach the new standard with a certain reluctance to investing in new systems. Additionally, the complexities associated with IFRS 16 are often overlooked until departments are in the depths of rolling out new business as usual (BAU) practices covering the new standard.