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FAQ - How new lease accounting standards will impact your business

There will be much change in lease accounting from 2019. From 1 January 2019, the Financial Accounting Standards Board (FASB) and the International Accounting Standard Board (IASB) will implement new standards, ASC 842 and IFRS 16 respectively. This immediately raises a number of issues. For example, to what extent will these new standards impact your organisation’s balance sheet and operations?

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