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How the New IFRS 16 Accounting Rule Affects Your Real Estate Strategy

12Mar, 2019

By ERES President Tom Bradley Beginning on January 1, 2019 the new lease accounting standard IFRS 16 went into effect which essentially requires tenants/lessees to now report lease liabilities on their balance sheets. This new requirement eliminates nearly all off balance sheet accounting and has a far-reaching impact on lessees’ business processes. Who is Affected Read More