On-Demand Webinar

[On-Demand Webinar] IFRS 16 for Public Sector: Knowing your leases and extracting your data

With the clock now ticking for public sector organisations to comply with the IFRS 16 Lease Accounting deadline, the first, and most time-consuming step is to extract, collate and analyse all the necessary lease data. Whether you have yet to start preparing or are part way through the process, the importance and time involved in ‘knowing your leases’ cannot be underestimated and is fundamental in building the foundations of a successful transition.

In this 30-minute MRI hosted webinar, we explored:

  • The key priorities and what critical data you need in order to fulfil IFRS 16 requirements.
  • The importance of obtaining complete and accurate lease data to calculate your lease accounting figures and ensure a full audit trail.
  • The value of using artificial intelligence (AI) to quickly and easily extract, cleanse and aggregate crucial data from physical paper lease documents.
  • How MRI’s ‘audit firm approved’ IFRS 16 template together with its AI machine has processed more than 500,000 leases and can significantly reduce manual burden and human error.
  • How to promote cross departmental collaboration to ensure transparency and auditability of extracted data from original lease files.

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