First-time adoption of AASB 16: Leases
AASB 16 Leases represents the first major overhaul of lease accounting for over 30 years, and fundamentally changes lease accounting for accounting periods beginning on or after 1 January 2019.
This webinar dives into the new world of lease accounting – unpacking the main changes, transition choices and their consequences along with key application issues.
The webinar recording is now available for download and covers at a high-level:
- Accounting requirements under the new standard;
- Transitional relief provided by the new standard;
- The practical ramifications of adoption of relief; and
- The process of adoption and first-time application.