Implementing the new lease standard

The new lease standard is transforming how organisations present information in their financial statements as well as how they will need to identify and monitor leases going forward. Learn best practices, get insights, and discover tips on implementing IFRS 16. This report is current as of 29 May 2020, reflecting the IASB’s 28 May amendment regarding lessees accounting for rent concessions that are a direct consequence of the COVID-19 pandemic.

Along with your download, you will receive a version of the lease accounting report based on FASB’s ASC Topic 842, which has been updated to incorporate FASB’s 3 June actions responsive to COVID-19. The report examines what makes the standard challenging, what the opportunities are, and how accountants can add value along the way. It discusses technical changes, early software challenges, internal control considerations, ramp-up time, and other aspects of implementation. Please fill out this form to instantly receive the report PDF at the email you enter below. By filling out this form you agree to be contacted by our trusted sponsors. (Privacy policy)