With the introduction of IFR 16, the reporting on leasing will be affected and has to be done in an updated manner from January 2019. As most companies lease assets, it’s probable that the introduction of these new reporting rules and procedures will have an impact on many organizations.
If you know and understand which changes will be implemented and required, you can prepare you company and ensure a smooth transition. KPMG can help your determine your current view on IFRS 16 implementation, help you define the expected impact and the required level of preparation in order to comply with the new regulations as well as help you define an integrated approach.
Read more to find out what these new rules entail and how you can prepare your company.