The ‘Implicit’ Challenge

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Thé one question when implementing leases under the new lease accounting standard, IFRS 16 is: which interest percentage are we going to apply?

The challenge is bigger than many think. The result may surprise even more!

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Application of IFRS 16, the new standard on lease accounting for companies reporting their annual accounts under IFRS, is coming closer. Applying the proper discount rate is more than just an ‘implicit’ challenge.