The new lease accounting standards IFRS 16 and ASC 842 come into effect on January 2019, and as we are nearly halfway through 2018, organisations are running short on time to comply with the new guidance. In this post we will review some critical project considerations, so you can jump-start your implementation journey and finish...
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Last year was a successful one for VIP Apps Consulting, in which we continued in our successful activity supporting businesses within the leasing industry. With a recovering but fragile worldwide economy, alongside fluctuations in commodity prices, the industry saw some interesting developments that will have long term consequences in 2016 and beyond. Leasing Industry Digital…
The International Standards Board (IASB) and the Financial Accounting Standards Board (FIASB), have announced that the final “Leases Standard” will be set before the end of this year. Although the exact changes are not final, the tentative decisions give a clear indication of what the new leases standard impact may be. The key points from…
The International Standards Board (IASB) and the Financial Accounting Standards Board (FASB), have announced that the final leases standard will be finalised before the end of the year. This will be the culmination of nearly a decade’s work on this joint project to introduce new accounting leases standards. To reach this point, there have been…
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