
Meeting the Deadline: Rapid Deployment Strategies for IFRS 16 and ASC 842
Cliché? Maybe. But it happens to be particularly true when it comes to meeting the impending compliance deadlines for the new IFRS 16 and ASC 842 lease accounting standards.
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Cliché? Maybe. But it happens to be particularly true when it comes to meeting the impending compliance deadlines for the new IFRS 16 and ASC 842 lease accounting standards.

If someone were to ask you to imagine what a software engineer looks like, what would you picture? How about a doctor or investment broker? Likely, you imagined each person in a similar manner, be it the same gender or ethnicity

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Okay. So, we’ll spare you the cheesy 80’s music references. But for organizations still making the switch to the new IFRS 16 or ASC 842 standards, the sentiment rings true. Time is quickly running out until the January 2019 deadline.

While many companies are scrambling to meet the approaching January 2019 deadline to comply with the new IFRS 16 or ASC 842 lease accounting standards, not all are waiting until the last minute.

Technology is transforming the world as we know it. It seems that every day a new platform to simplify and old process is made available, and another solution to streamline the way we work is put in place. As we continually adjust to the digitization

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It’s been a busy couple of years for accountants preparing to report within the framework of the new IFRS 9, 15, and 16 standards, and their US GAAP equivalent ASC 326, 606, and 842. The last remaining standard to adopt is IFRS 16 (ASC 842)

Believe it or not, there’s a silver lining to the big changes to lease accounting under ASC 842 and IFRS 16. Just like climbing a high mountain gives you a perspective you can’t get from the valley floor, once you’ve completed the massive task of