Financial

Managing leases has never been simple. But since IFRS 16 came into effect, the job of every finance team got significantly more complicated. What used to be a few lines on an expense report now demands detailed calculations, right-of-use assets, lease liabilities, and regular journal entries. The good news is that finance professionals are finding […]

Overview If you run a business that uses leased assets, whether it’s a retail store, a commercial property, or even heavy equipment, you’ve probably heard of IFRS 16. Since it came into effect in January 2019, this accounting standard has changed the way companies record lease agreements. And for many finance teams, it has also