One of the key challenges for implementing AASB16 – Leases is the determination of the incremental borrowing rate. This is a new concept that aligns well with the spirit of what AASB16 is attempting to achieve. The standard defines the incremental borrowing rate as is the rate of interest that a lessee would have to […]
Depending on your reporting year, AASB16 is either approaching rapidly or is still a little way away. For the majority of Australian companies whose year end is 30 June, adoption of AASB16 will occur on 1 July 2019. In our conversations with accountants and treasurers, it is clear that as the transition period approaches the […]
This is officially our first post! We look forward to solving IFRS16 challenges for companies small and large.