IFRS 16 is approaching fast. In the meantime, we are left with many questions. Some organisations will need to re-examine thousands of pages of lease contracts to meet the new standard. How can this be done in a timely and efficient way while still maintaining the high quality of your data?
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May 29th, 2018
| Kerstin Westlund
IFRS 16 requirements for lease accounting go into effect on January 1, 2019 – little more than half a year away from today. Any company with leases or subleases with terms of 12 months or longer, unless the underlying asset is of low value, is affected. While it may seem like plenty of time to prepare for the new accounting standards, time is actually running short.
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