New Lease Standard Impact on the Retail Industry
WEBCAST | Consumer Products
September 27, 2018 | 12 PM EDTCaroline Brown | Manager, Mazars USA LLP
Pierre Razzo | Manager, Mazars USA LLP
After a decade of work, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have introduced changes to their Lease Accounting Standards. These new rules will change the accounting guidelines globally for most leased assets, including real estate, machinery and equipment. The webcast will focus on the new IFRS single accounting model for lessees with a specific focus on the retail industry. Our Mazars experts will walk you through its impacts on financial statements, on the organization of the company and its day-to-day business.
Upon completion of this webcast, participants will be able to:
- Determine if their arrangements with retail outlets meet the definition of a lease under IFRS 16;
- Explain how standard terms included in rental contracts with retail outlets will impact the calculation of the lease liability;
- Calculate the impact of IFRS 16 on financial reporting;
- State the impact of implementation of IFRS 16 on future lease negotiations for IT systems, etc..
Who Should Attend: CFOs, Controllers
Payment Information: There is no cost to attend this Mazars webcast.