Our Resource Centre is a hub for all things leasing.

Applying IFRS 16: Lease Accounting Implementation Lessons [VIDEO]

Posted by Ryan Hendrie on 27/08/19 12:36


On this episode of Applying IFRS 16, Systems Accountant and Implementation Manager Phil Midgley discusses some of the key insights and lessons learned from current and previous lease accounting implementation projects.

Applying IFRS 16: Understanding The Opportunities & Benefits [VIDEO]

Posted by Ryan Hendrie on 23/08/19 12:13


Since IFRS 16 and ASC 842 were announced, there's been plenty of focus on the challenges, complexities and negative aspects of implementation. However, little has been said about the main corporate benefits available. 

IFRS 16: Frozen GAAP and how to bridge that accounting gap

Posted by Ryan Hendrie on 22/08/19 09:59


Bringing more debt on to your balance sheet through adopting IFRS 16 needn’t result in the breaking of covenants with your lenders and whilst loan agreements often contain such financial covenants which the borrow must adhere to so not to be in default of the agreement those covenants are usually calculated according to accounting principles – that is with the possibility that during the loan period new or revised accounting standards may be introduced.

IFRS 16 & Corporate Interest Restriction - Tax, Treasury and Finance departments are all affected

Posted by Ryan Hendrie on 20/08/19 12:05


STOP PRESS: If your organisation is likely to deduct more than £2 million in net interest and financing costs when calculating UK Corporation Tax then read on if you want to save time and effort in the treatment of operating type leases under CIR for tax calculation and then IFRS 16 for financial statement compilation.

Corporate social responsibility (CSR): A Year-In-Review

Posted by Ryan Hendrie on 08/08/19 11:46


In a little over 12 months since Innervision’s relaunch of its Corporate social responsibility (CSR) programme, the company has accomplished many interesting, varied and some might say slightly quirky projects.

IFRS 16: How it affects disclosures relating to 2019 interim accounts

Posted by Ryan Hendrie on 08/08/19 09:59


In this article, we look at how the introduction of the new lease accounting standard – IFRS 16 ‘leases’ will impact disclosures relating to 2019 interim accounts, as well as attempting to clarify some of the more salient requirements, issues and concerns.

IFRS 16 - Implications for Lessors

Posted by Ryan Hendrie on 06/08/19 11:25


Published back in 2016 the new lease accounting standard IFRS 16 ‘Leases’, is effective for all annual reporting periods beginning on or after 1 January 2019.

IFRS 16: Implementation Lessons and How to Learn from Them

Posted by Ryan Hendrie on 09/07/19 09:57

Recently, Innervision had the privilege of presenting at an IFRS 16 breakfast seminar hosted by one of the ‘Big 4’ auditors.

Applying IFRS 16: The Arguments Against Spreadsheets (Excel)

Posted by Ryan Hendrie on 13/06/19 12:15

Whilst previous blogs from us may have looked at the arguments for applying IFRS 16 with a purpose developed software tool and without spreadsheets, here we will analyse, critique and review the arguments against the utilisation of just spreadsheets for such a business critical task – a task which should encompass transition to, and ongoing compliance with IFRS 16, audit trail of lease classification and updates and as importantly lease portfolio management.

Sale & Leaseback Treatment Under IFRS 16

Posted by Ryan Hendrie on 04/06/19 12:21

IFRS 16 - A quick recap: Whether leasing real estate or more mobile assets there are changes in the way a business will account for its leases under the new accounting standards IFRS 16/ASC 842 which are required to be implemented by your business in time for accounting periods beginning on or after 1st January 2019.