In the last six months the Middle East has seen significant change events and challenges for CFOs and finance teams – such as implementation projects for VAT and new accounting standards IFRS 9 ‘Financial Instruments’ and IFRS 15 ‘Revenue from Contracts with Customers’. As organisations start to embed these changes and complete 2017 audit procedures, the focus invariably switches to ‘what’s next?’. For many organisations, a significant moment of change looms in the form of IFRS 16 ‘Leases’ which will become effective from 1 January 2019.
In this series we will be examining the practical implementation issues that CFOs of Middle East based groups should be considering around their implementation of IFRS 16.
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