Standards update: Overview of IFRS 16 Leases

Standards update: Overview of IFRS 16 Leases

Are you ready for IFRS 16 Leases? With the effective date around the corner, the Accounting Standards Board (AcSB) has prepared a plain and simple overview of the topic. This overview will to make sure you’ve assessed the impact of this new standard on your processes and other operations.

The AcSB aims to ensure their stakeholders are well informed of, and prepared for, the potential changes new standards have on operations. As IFRS 16 Leases may result in significant changes for some, it’s important to ensure that you have assessed the impact of it and understand the changes from IAS 17, which IFRS 16 replaced. To view the AcSB overview, click here.

For those in the Calgary area, the Calgary Chapter of CPAs is also holding a session on this important topic at their January luncheon. For more details or to register for that session, click here.


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