This webinar will cover the key elements of IFRS 16 leases, in particular how this IFRS 16 will impact the balance sheet of operators who have a significant number of operating leases.
Under IFRS 16, these companies will be required to recognise the lease liability in full, including all future lease payments, discounted to their current fair value at the date of transition to IFRS 16.
At the same time, operators will be recognising a right-of-use assets as a separate class of assets. Those operators, such as hotels and travel agents, with a significant number of properties will see both liabilities and assets increase dramatically.
The calculations on conversion are not easy and could potentially take an operator several months to get the final figures.
This webinar is highly beneficial to IFRS reporters or those who report under IFRS and will help demystify some of the accounting.
Benefits of attending:
This webinar is FREE OF CHARGE to members of the Travel, Tourism & Hospitality Community. Reserve your place now and book here.