Finance

D365 F&O and AX

FIN08 - IFRS 16/ASC 842 Are Coming – Are you Prepared? What you Need to Know About the New Lease Accounting Standards

D365UG/AXUG Presenter(s)

• 

  Dan Edwards, CPA

  Senior Manager
  Crowe LLP

Leasing is a common activity for many organizations and one that typically goes under the radar until now. The upcoming accounting standard changes will drastically change how organizations manage and account for leases in the financial statements. This new standard begins taking effect in 2019, and it requires a retrospective presentation, so it is critical to start planning for the change now. Learning Objectives include:
• What is IFRS 16 and ASC 842?
• What has changed?
• How to account for the changes
• Transition options