IFRS 16 – Round 3

After implementing IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts in 2018, you may be mopping your brow with relief! Don’t celebrate too soon though, as there’s still IFRS 16 Leases to go, and for many entities this will entail the most work, both on transition, and on an ongoing basis. IFRS 16

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IFRS 15 – Time is running out

IFRS 15, the new revenue standard, generally becomes effective for entities reporting at 31 December 2018 or later. Organised entities started their transition projects in 2014 when the standard was first issued; setting up project teams, educating sales forces and legal teams, reviewing contracts to establish to what extent they can be standardised, and requesting

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