IFRS Today – Episode 2 | KPMG | QA
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IFRS 16 Leases – Where are companies underestimating the impacts?

IFRS 16 – Underestimating the impacts

There are some implementation and process changes to be addressed in the near term

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“I'd say there are three key areas where people underestimate the impact: lessor accounting; inter-company leases; and, of course, systems challenges."

Brian O’Donovan
Partner, KPMG International

 

"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.”

Mag Stewart
Partner, KPMG in Canada

 

"From what we’re seeing, most companies are opting for the modified retrospective approach.”

Jeff King
Partner, KPMG in Canada


Here is some further guidance on intercompany leases (PDF 64 KB) for treasurers and financial controllers. A full transcript (PDF 588 MB) of this episode is also available.

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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