There are some implementation and process changes to be addressed in the near term
“I'd say there are three key areas where people underestimate the impact: lessor accounting; inter-company leases; and, of course, systems challenges."
"Don’t get trapped into thinking that – once you’ve gone through the effort to pick the software – the bulk of the project is done.”
"From what we’re seeing, most companies are opting for the modified retrospective approach.”
Our IFRS – Leases topic page offers a wide range of materials that will help you transition to the new standard, whatever stage you're at.
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