Our Resource Centre is a hub for all things leasing.

New Lease Accounting - The State of Implementation

Posted by Ryan Hendrie on 22/01/19 11:11


The adtoption “deadlines” for IFRS 16 and ASC 842 have now passed and while there was no seismic movement across the globe on 1st January 2019, nonetheless, financial reports for periods post the implementation deadline will resound with the impact of the trillions of dollars’ worth of operating lease commitments now appear on balance sheets across the world.

IFRS 16 Insights: How The New Standard Will Impact Corporate Valuation

Posted by Ryan Hendrie on 19/12/18 10:14

The implementation of the IFRS 16 Lease Accounting Standard by any lessee will generally lead to an increase in leased assets and a corresponding increase in financial liabilities reflected on its balance sheet. It, of course, follows that there will be an impact on the corporate valuation of the business.

Compliance With IFRS 16 Lease Accounting Standard Is Just Weeks Away But There Are Still Challenges To Overcome

Posted by Ryan Hendrie on 11/12/18 12:28

Surveys come and go but IFRS 16 is here to stay.

North America Poll Reveals Companies Are Still Behind in Their Preparation for ASC 842 or IFRS 16

Posted by Ryan Hendrie on 06/12/18 10:42


Back in February 2016, The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASC 842) with the intention of improving on implementation the financial reporting of lease transactions whether the leasing of aircraft, property or equipment of any type – IT, copier, medical or manufacturing.

FASB Approve Lessor Accounting Amendments to Ease ASC 842 Adoption

Posted by Ryan Hendrie on 04/12/18 12:38


Approved Accounting Standards Amendments, Leases (Topic 842): Narrow-Scope Improvements for Lessors:

Retail Sector Significantly Impacted by New Lease Accounting Rules

Posted by Ryan Hendrie on 29/11/18 16:07


“It feels like retail is now closer to the precipice”
Theo Paphitis is quoted in the Daily Telegraph Business Section (05/11/18). He was speaking specifically post-budget but whenever the retail sector is mentioned it is generally with a cloud foreshadowing doom. The online retailers, falling footfall in malls, empty shops in the high street all seem harbingers of doom.

Accessing Procurement’s Role In IFRS 16 - Lease Accounting Compliance

Posted by Ryan Hendrie on 30/10/18 10:49

From 1st January 2019, most leases will need to be treated for accountancy purposes as if they were finance type leases – all leased assets (with just a couple of exceptions) will appear on the balance sheet along with all associated committed liabilities.

Applying IFRS 16 – What are the tax accounting implications of adopting the new standard?

Posted by Ryan Hendrie on 25/10/18 10:52


1st January 2018 saw the deadline date for implementation of both IFRS 9 and IFRS 15 but for those charged with such compliance issues there is little respite with just 3 months (at the time of writing) to go to meet the regulations and standards set out in IFRS 16 which has a deadline date of 1st January 2019 and replaces IAS 17.

Applying IFRS 16 – Where Should Companies Be Focusing Attention?

Posted by Ryan Hendrie on 23/10/18 11:01

As the implementation deadline for new lease accounting edges ever closer. Where should companies be focusing their attention to ensure the deadline is met in an effective and timely maner. In this blog we explore the areas of focus organsiations should be pay particular attention to.

Applying IFRS 16 – Understanding the Termination and Extension Options

Posted by Ryan Hendrie on 28/09/18 09:58


Issued by the IASB, IFRS 16, published in 2016, replaces its counter-regulation IAS 17 and will apply for all and any annual accounting periods from January 1st, 2019.