IFRS 16 has been in effect since 1st of January 2019. Companies are now deep in the trenches in lease accounting compliance. While some are reveling in the success of well-established tactics, more are retreating to the drawing board. We see a number of customers are creating complicated files to manage their compliance requirements and are struggling with calculation ‘RoU’ on balance sheet, depreciation cost, lease liability, and in particular changes in lease contract, leading to time consuming and vary manual process at each reporting period. Many of these companies that chose to use spreadsheets or partial measures by degrees for lease accounting are now looking to alleviate overly complex and labour-intensive compliance processes. They are starting to look in refining their compliance strategies as an effort to fix and solve these compliance issues.
In this session, we will discuss the following key points:
Typical pitfalls lessees face in connection with the new standard
Best Practices from over 200 customer projects
Ways in simplifying and automating the whole accounting process and compliance
Opportunity to improve your financial process
Please join us on Tuesday, 28th April 2020 at 1:30pm – 2:15pm Sydney time for this live webinar where Mr. Alex Nguyen, IFRS Presales Solutions Architect, APAC, CCH Tagetik, will take us through the ins and outs of IFRS 16 and the solutions that can simplify and streamline your compliance.
You can register here: