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Concurrent Session 2A

The New Leasing Standard – How Would it Impact Your Business Model

Effective for annual periods beginning on or after 1 January 2019, MFRS 16 Leases is expected to have broad industry impact, especially on the airline, retailing, transportation and energy sectors where most leases are off balance sheet. Capitalising these lease payments as required under MFRS 16 will significantly impact their financial statements. This session discusses these impacts as well as organisations’ readiness to adopt MFRS 16. Plus, get sage advice on overcoming implementation challenges during the transition period and beyond.