New accounting standard a “double whammy”

Accountants will face a “double whammy” in dealing with the upcoming IFRS 16 new accounting standard as they navigate the new balance sheet requirements and dealing with capital needs.

by | 29 Nov, 2017

Accounting software giant escalates ATO outage fight

The IFRS 16 Leases, issued by the International Accounting Standards Board (IASB), will be effective from 1 January 2019, requiring companies to bring most leases ‘on-balance sheet’, recognising assets and liabilities for the rights and obligations created by leases.

Read the full article on Accountants Daily.

Advertisements
Advertisements
Share This