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WebAugust 1, 2024. With the start of FY2024, the demands of AASB 16/IFRS 16 are now real. This new financial reporting standard is now impacting many of South Africa’s best companies; however, many organisations remain under-prepared. As a result of being forced to adopt this new standard comes a number of new challenges relating to the ... WebIFRS 16 specifies how to recognize, measure, present and disclose leases. The standard provides a single lessee accounting model, requiring the recognition of assets and … mini folding scooter
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