Leasing is an important financial solution used by many organisations. It enables companies to use property, plant, and equipment without needing to incur large initial cash outflows.
IFRS 16, ‘Leases’ defines how the customer (lessee) and supplier (lessor) account for leases. The lessee will recognise a financial liability and right-of-use asset for most leases. Judgemental areas include identifying which contracts are in scope of IFRS 16, the lease term and the discount rate.
Hear directly from our IFRS 16 experts in our latest video series
2019 IFRS 16 Post-Implementation Survey
In the final episode, Hilary Eastman, Head of Global Investor Engagement, talks about communicating the IFRS 16 accounting changes to the market and the type of information that investors and analysts would want to see.
In this video, we are joined by Nick Croft, UK Real Assets Valuation Leader, who helps PwC clients to calculate discount rates. Nick explains where to start when calculating an incremental borrowing rate and how multinational groups could calculate rates for each subsidiary, as well as in different territories.
In this video, we are joined by Mira Bhadresha, PwC’s System Selection and Implementation Expert, who addresses the following questions: Why are clients considering implementing new systems for IFRS 16? What types of systems are available? What to consider when choosing a system and how long will it take to implement?
In this video, we are joined by Jonathan Evans, Director of Data Analytics, who works with PwC clients to gather, validate and manage lease data required for IFRS 16. Operating lease accounting calculations under IFRS 16 will be more complex requiring additional data that may not have been collected previously. This...
