IFRS 16 Transition options for lessees

Nomos One IFRS 16 resources

Why is your choice of transition methods so important?

One of the most significant decisions you’ll make during your implementation of the standard is which transition method to use. Your choice will impact the level of effort required to implement the standard as well as ongoing financial impacts.

IFRS 16 Transition options for lessees

Nomos One has produced an IFRS 16 transition options guide specifically for lessees. It covers:

  • An overview of the full retrospective transition method
  • An overview of the modified retrospective transition method
  • An overview of the simplified transition method
  • Impacts of your choice on your implementation project and your financial reporting capabilities
  • An outline of the data and documentation required for each transition method
  • An overview of the practical expedients available under each approach
  • The pros and cons of each transition method
  • Steps to take that will help you choose the right transition method for your organisation.

 

 

Your free IFRS 16 transition options for lessees guide

Is this resource free?

Yes. Nomos One employs a team of experts who live and breathe IFRS 16. We want to share our knowledge with you so your implementation project and ongoing reporting requirements are as efficient, accurate and simple as possible. When it comes to IFRS 16 Leases and lease management Nomos One has you completely covered.

Discover the benefits of using Nomos One