Lease Accounting Transition Guide IFRS16

On 9th November, the international lease accounting standard IFRS16 received the official endorsement from the European Union and is set to become mandatory from January 2019. The new IASB standards IFRS16 requires all leases to be recorded on a company’s balance sheet starting in 2019. Implementing IFRS16 goes beyond a simple accounting change. Planning for a successful implementation project requires a holistic approach . VIP Apps Consulting IFRS16 team, prepared a transition roadmap guide that addresses the critical aspects of the implementation, from systems to business processes. 

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