New leases standard (IFRS 16) is published and will change the business decision of transportation and logistics companies.
On 13 January 2016, the International Accounting Standards Board ("IASB") published the new leases standard (IFRS 16), which will be effective on 1 January 2019. The new standard fundamentally changes the accounting for lease transactions and will have a significant impact on the transportation and logistics companies (in particular for those in shipping and aviation sectors). This breaking news summarises the main aspects of the new standard and highlights some key challenges and questions that management of transportation and logistics companies may encounter as they prepare for the transition.
© 2016 - Sat Apr 29 12:09:06 CDT 2017 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.