Why Does Treasury Care About Lease Accounting?

September 19, 2018

TMI features news from Kyriba's VP of Strategy Bob Stark about the challenges facing treasurers who are not prepared for IFRS 16 lease accounting compliance. Adoption of lease accounting standards such as IFRS 16 is less than a year away, with regulations effective as of January 2019. Treasurers should be aware and involved with their organisation’s lease accounting project planning. If treasury doesn’t start now, it will be a serious problem as lease accounting experts are finding that uncovering the full magnitude of lease contracts takes at least 12 months to complete.

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