Lease Transition Suggestions 11, 12, 13 and 14

During September, Tweuus is providing useful suggestions in respect of the transition of lease transactions from IAS 17 to IFRS 16.

This time we are looking at four elements with a (supposedly) small impact on an individual level

A) Initial direct costs

B) Application of retrospective knowledge

(C) Contracts of less than 12 months

D) Low value assets

do you want to know/read more?

Order the Lease Transition Tips bundle via the web shop or use the combination offer (only Febr. 2018):

The Transition Tips in combination with the IFRS 16 Fieldwork outcome, also in the web shop.

Background information:
IFRS 16 Leases is the standard replacing current IAS 17.
Companies listed on the stock exchanges and all financial institutions manditorily have to apply IFRS guidelines.
Companies may opt for transition as per 1 January 2018 or 1 January 2019. Their suppliers, logically, need to be ready in time.

Questions? Take up contact , make an appointment or call 0031 6 5498 3095.