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New accounting standard a “double whammy”

Accountants will face a “double whammy” in dealing with the upcoming IFRS 16 new accounting standard as they navigate the new balance sheet requirements and dealing with capital needs.

New accounting standard a “double whammy”
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The IFRS 16 Leases, issued by the International Accounting Standards Board (IASB), will be effective from 1 January 2019, requiring companies to bring most leases ‘on-balance sheet’, recognising assets and liabilities for the rights and obligations created by leases.

Read the full article on Accountants Daily.

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