Lease Accounting

From 1 January 2019 IFRS 16 became applicable in Canada for certain companies. This standard prescribes new principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract.

Key changes introduced by IFRS 16 are

We at D Arora & Co can help you implement and maintain compliance with this standard on an ongoing basis. Our approach for implementation is as follows:

Adapting and implementing new accounting standards is complex, time-consuming and expensive. We have an automated tool which can help you ensure compliant implementation of the new standard.

Click here to view the demo of our Lease Tool