German Finance Roundtable: IFRS 16: The new Lease Accounting Standard – Additional assets for your balance sheet?

Beginn:
02.07.2018 | 18:30
Ende:
- 19:30
Ort:
EY Japan

Ansprechpartner

Bastian Lidzba
Member Services
Tel: +81-(0)3-5276-8703
Email: events(at)dihkj.or.jp

- Members Only! -

Speakers:
EY ShinNihon LLC

Mr. Lars Lettner,
Certified Public Accountant (Germany)
Assurance, German Desk

Mr. Steffen Kraus
Chartered Certified Accountant (England)
Financial Accounting Advisory Services (FAAS)

More about the speakers

Date: July 2 (Mon), 2018, 18:30-19:30
Venue: EY Japan, Mitsui Hibiya Tower, Conference Room 1, 8th floor
Tokyo Midtown Hibiya, 1-1-2 Yurakucho, Chiyoda-ku, Tokyo 100-0006

Hibiya Station: Exit No. 11

Access to Conference Room 1: Please go first to the ‘Office Sky Lobby’ of Mitsui Hibiya Tower on floor 9, and from there please use the escalator to reach floor 8.

Fee:
Free (Get-together afterwards on invitation by EY)
Registration Deadline: June 25 (Mon), 2018
>> Please let us know in the comments field if you would like to join the get-together afterwards (Yes/No/Maybe)!

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About the German Finance Roundtable:

The German Finance Roundtable is a working group for CFOs and other finance experts.
It is a meeting opportunity aiming at a broad exchange of knowledge and experience within the realms of the German-Japanese business world. Focus are the general topics of Corporate Compliance, Information Technology & Security, Business Efficiency, HR, Accounting and Controlling.

Please feel free to forward this invitation to your CFO or other finance executives.

About the event:

The new lease accounting standard under the International Financial Reporting Standards (IFRS), IFRS 16, applies to reporting periods beginning on or after 1 January 2019. The definition of a lease, the recognition and measurement of leases, and lease disclosure requirements will change significantly under the new regulations. Organizations should start preparing for this transition early by assessing how their lease agreements will have to be reported in the future. Under the new standard, lessees will have to account for the vast majority of lease transactions on their balance sheet, even those that have been classified as “operating leases” in the past. Depending on the details of the relevant leasing contracts, these changes could result in an increase in the amount of fixed assets reported, and cause potentially material impacts on related KPIs.

The speakers will explore the major features of the new standard by presenting the following:

  • The new lease definition
  • How to account for related assets and liabilities on balance sheets and income statements
  • Recognition exemptions
  • Notable information, disclosures and presentations
  • Impact on widely used KPIs

Further to the above, the speakers will present a practical example of accounting for a “new” lease transaction and will discuss typical implementation topics as experienced in the Japanese context.