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IFRS 16 IN THE TRAVEL TOURISM AND HOSPITALITY SECTOR

September 16, 2019 | (10:30)
USA (United States of America)
This webinar will cover the key elements of IFRS 16 leases, in particular how this IFRS 16 will impact the balance sheet of operators who have a significant number of operating leases.Under IFRS 16, these companies will be required to recognise the lease liability in full, including all future lease payments, discounted to their current fair value at the date of transition to IFRS 16.At the same time, operators will be recognising a right-of-use assets as a separate class of assets. Those operators, such as hotels and travel agents, with a significant number of properties will see both liabilities and assets increase dramatically.