IFRS 16 Implementation.
Client: A global leader in design & manufacture of agricultural equipment
Implemented IFRS 16 and managed key risks and control of new single lessee accounting model, assessed uncertainty of cash flow, recognition of Assets & Liabilities, judgemental matters and use of exemptions.
Achievements:
Developed and managed the project plan in concert with the client’s requirement, developed a communication plan and planed the project kickoff.
Managed key risks/issues via proper control and governance of new lease accounting requirements, understand potential impacts, judgemental matters and use of exemptions and potential impact on BS, Profit and Tax.
Gathered and abstracted the lease information and assigned project tasks which included critical lease data analysis and population of lease data base and reconciliation of data populated for processing.
Validated and control of critical data populated for upload quickly & efficiently, proactively carried out mitigation plans and ensured that milestones were met.
