Keep up-to-date with monthly insights and best practice information for the automotive industry.
The Motor Industry Services team aim to help dealer principals and general managers to uncover opportunities to achieve best practice in their dealerships. Our monthly alerts share knowledge and discuss current issues and changes within the motor services sector.
In the December edition we outline the impact on new property leasing standards on dealership profit before tax. Sweeping changes in the accounting for operating leases under AASB 16, which is effective for 2020 year-end financial statements, will begin to have an impact for dealer groups from 1 January 2018 as the disclosure requires the comparatives to be restated.
Key insights include: