IFRS 16… Really Shouldn’t Take That Long

Over the past 2-3 years we have seen year-end processes for IFRS 16 compliance begin with no precedent. In the rush for compliance, organisations adopted and adapted as best they could. Now, with the benefit of hindsight, and further knowledge of the standard, it is time organisations take a step back and review their processes to ensure their IFRS 16 systems or spreadsheets are providing optimised efficiencies.

Recently, we hosted a webinar with PwC NZ Partner, Stephen Hogg, covering how organisations can make significant time savings at these business-critical periods, with a more streamlined IFRS 16 year-end process. Take advantage of the experience gained from almost 80 LOIS lease accounting software implementations, to optimise your knowledge and identify potential efficiencies in your year-end processes.

Our experience has given us unique insight into how a best practice IFRS 16 year-end process should be customised and implemented to make IFRS 16 compliance easier.

Key takeaways from this webinar:

• What are some common areas that organisations don’t do as well as they could with regards to IFRS 16 process and compliance?
• How to take a step back and take a helicopter view of your organisation’s processes to identify opportunities for efficiencies.
• What should a good IFRS 16 year-end process include.
• What are the personal and commercial benefits of an optimised year-end process?
• Best practice tips to improve your year-end process.