The new global standard for accounting is here and companies are running out of time to comply with the changes, so we have created a simple timeline to help your business to get ready for the IFRS16 changes.
In pursuit of an international standard that provides clearer transparency of companies’ lease liabilities, whilst trying to minimise the costs associated with moving to a new standard, now is the time for companies to take the preparatory steps for compliance. We have put together this useful infographic of all the big announcements so far, as well as what organisations should be doing to meet the implementation deadlines.
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