IFRS 16 - Leases

• Conducting a high level impact assessment;
• Assisting in lease data aggregation by surveying business units to identify and capture lease data and perform a preliminary impact analysis;
• Supporting assessment of whether systems and processes can capture relevant information and provide required reassessments with technical subject matter experience; and
• Providing advice and recommendations on accounting and tax evaluations.

• Developing the impact assessments into project plans and detailed implementation roadmaps;
• Performing a system-capabilities assessment and providing insights and observations on available information technology solutions, including vendor benchmarking;
• Providing insight and observations about project management; Helping coordinate IFRS considerations with other significant finance or information technology initiatives;
• Assisting with the design and implementation of process and control changes required as a result of adoption.

The implementation of IFRS 16 – Leases will have a significant effect on the financial statements of many entities with significant KPI’s such as ROCE and EBITDA likely to be affected. Included here is an overview of industry specific considerations in relation to the implementation of IFRS 16.