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Getting Value Out of IFRS 16 Reporting

Getting Value Out of IFRS 16 Reporting

Has your organisation’s leasing portfolio become too large to manage efficiently?

In 2016, IFRS 16 was introduced to result in a more accurate representation of a company’s assets and liabilities and greater transparency about the company’s financial leverage and capital position.

Since it became effective as of January 1 2019, it has reduced the information difference between the balance sheet and the notes to the financial statements, as well as helped to improve comparisons between companies that lease assets and those that borrow to buy. As a result, it is designed to create a more level playing field in providing information about leases to market participants.

But, now, several years in, is this the reality? What benefits have resulted from the introduction of IFRS 16? And what value can we expect to get out of this standard in the future?

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This paper covers:

  • What is IFRS 16 (AASB 16)?
  • Who does it affect?
  • How does it affect your organisation?
  • The benefits of IFRS 16 for your organisation – now and into the future
  • What steps are required for compliance?
  • The Nomos One lease accounting and lease management solution
Is this resource free?

Yes. Nomos One employs a team of experts who live and breathe IFRS 16. We want to share our knowledge with you so your implementation project and ongoing reporting requirements are as efficient, accurate and simple as possible.

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