The keys to complying with new accounting standards
Are you following the new standards for the accounting of lease obligations – IFRS 16 – that became effective in January 2019? The new rules require you to record all leases on your balance sheet at the net present value of the remaining lease payments. This includes any corresponding liability. This new standard brings potentially significant changes in terms of accounting and financial strategy for any organisation with leased vehicles.
The good news is that leasing still remains a viable financing option with significant benefits. To read how you should adjust in light of these new standards, download our whitepaper, “Strategically Maximise Capital Using Finance Leasing in a Changing Landscape of Accountancy Rules.”
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