Manage IFRS 16 Compliance Risk with Oracle EPM and Evosys
Prepare for the deadline for the new accounting standards
Webinar 24th April 2019, Time: 10 am to 11 am GSTRegister Now »
The IASB has published IFRS 16 – the new leases standard. It comes into effect on 1 January 2019. Virtually every company uses rentals or leasing as a means to obtain access to assets and will therefore be affected by the new standard.
The new standard may affect lessors’ business models and offerings, as lease needs and behaviours of lessees change. It may also accelerate existing market developments in leasing such as an increased focus on services rather than physical assets.
Changes to the lease accounting standard have a far-reaching impact on lessees’ business processes, systems and controls. Lessees will require significantly more data around their leases than before given the on balance sheet accounting for almost all leases. Companies will need to take a cross-functional approach to implementation, not just accounting.
Wednesday, April 24th, 2019
Time: 10 am to 11 am GSTWebinar