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Inplenion & Shuttle Expand Partnership to insure companies mastering IFRS 16 evolution.
Accounting and potential business impacts relating to this standard.
IFRS 16 Leases is applicable to lessees and lessors for years commencing on, or after, 1 January 2019. IFRS 16 requires companies to consider lease contracts of significant value and of a duration greater than 12 months, as if they were acquisitions for which the underlying asset’s value and corresponding debt needs to be evaluated. Companies will have to choose rates, probable asset utilization duration, impairment tests, and consider carefully the sub-lease and lease-back cases. Information thereby collected need to be traceable and auditable, and will have to be certified by auditors.
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How to insure a successful IFRS 16 rules management
Group Criteria Rates and index Regulatory framework Subsidiaries information Data entry management Access rights and user profiles
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