We would like to invite you to attend our upcoming SAP IFRS16 Round Table Event, where senior Finance practitioners will discuss and share experiences from both systems and business perspectives. Hear from a number of our current customers about their own IFRS16 compliance journeys, incorporating feedback from leaders working in industries including Global Infrastructure,
Determining what discount rate (or incremental borrowing rate) to use when adopting the new IFRS 16 standard is one of the most important judgments that organisational management will need to make. Ascertaining what discount rate to use is complex and it should be noted that this decision will have the largest qualitative impact on
IFRS 16 Are your Operational Leases actually Financial Leases? Download our IFRS 16 infographic here. Download
Companies may consider maintaining the status quo, such as using typical spreadsheet accounting. Unfortunately, this solution is likely to be a painful one if your organisation has a large volume of leases (jn excess of 100) and lease complexity exists. Accounting firms do provide bolt-on or standalone solutions that can align internal systems.
IFRS 16 is here. And there’s some good news for SAP customers As you're no doubt aware, IFRS 16 Leases – and its Australian equivalent, AASB 16 - is here and comes into effect on 1 January 2019. Some companies are on top of it. - others are aware but unsure of their obligations.