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
D Arora & Co, CPA’s, was established in Metro Vancouver to provide accounting, tax, and business advisory services to corporations, small businesses and individuals throughout North Shore & Metro Vancouver area.