Implementation of the New Leases Standard (IFRS 16) in your Financial Statement

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Implementation of the New Leases Standard (IFRS 16) in your Financial Statement

As IFRS 16 becomes effective in 2019, it heavily impacts the lessees. There are key considerations in the implementation of the standard. 

The key considerations include:

  • Date of transition
  • Discount rate
  • Lease period
  • Lease payment
  • Accounting for leases 
  • Disclosures
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