Adopting IFRS 15 and 16 at once – double trouble!

Kinaxis Inc. provides a recent example of a company simultaneously applying both IFRS 15 and (voluntarily in advance of the effective date) IFRS 16. The company “is a leading provider of cloud-based subscription software that enables its customers to improve and accelerate analysis and decision-making across their supply chain operations.” Here’s how it presented the…

New leasing standard: it’s low value, so what else do you want?

Issues arising in applying the IFRS 16.5 concession that an issuer not apply its requirements to leases for which “the underlying asset is of low value…” We previously discussed this here, providing some of the IASB’s underlying thinking:  “…many lessees expressed concerns about the costs of applying the requirements of IFRS 16 to leases that are…