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Lease Accounting: Impact and accounting for leases under AASB 16           

AASB 16 Leases is set to significantly change everything you know and understand about lease accounting.  From property lease agreements to equipment rentals, this new accounting standard removes the distinction between operating and finance leases and requires all contracts to be accounted for as balance sheet liabilities.

The impact on businesses will be:

  • Balance Sheet:  Additional and often significant liabilities which have not traditionally been accounted for will come "on balance sheet" and impact performance measures such as return on assets, debt equity and current ratios.
  • Profit & Loss: Traditional operating lease agreements will now have an impact on EBIT, finance costs and profit.
  • Banking Covenants: With additional liabilities on the balance sheet and additional finance costs in the profit and loss, businesses will need to consider the impact on both security (leverage rations) and performance (EBIT and interest cover) covenants.
  • Systems and Processes:  Accounting processes and systems will need to be updated to ensure that key lease information is captured, interpreted, accounted for as well as updating budgets and forecasts.

Attending this technical seminar is a must for financial accountants who have a responsibility over accounting policies, systems and processes or are involved in any part of the financial reporting process.




Event Details:

Date:         Wednesday 18th April 2018

Time:         8.30am - 11.00am

Venue:      Spry Roughley,

                 Level 3 55 Phillip Street

                 Parramatta NSW

Fee:          $40.00 (inc GST)

                 Morning Tea & Light Refreshments will be provided

Enquiries: Jennifer Turner

Ph:            02 9891 6100

RSVP Friday 6th April 2018 .

Places will be limited, so please book early to avoid disappointment.

About the Presenters

Fergus Roughley, Spry Roughley Chartered Accountants

Fergus is a Registered Company Auditor, Tax and Advisory Partner at Spry Roughley.  With extensive experience in the manufacturing, engineering, transport and logistics sectors, Fergus brings a practical approach to the application of accounting standards to operating businesses.

Raby Elmassri, Spry Roughley Chartered Accountants

Raby has 15 years experience helping businesses with audit, tax and accounting needs.  As a Registered Company Auditor, Raby has significant experience in the application of new and existing accounting standards to businesses.



Our firm is built on being attentive to and extensively knowledgeable about our clients so we can work with them to help them to both achieve their goals and protect them from risk. We are forward looking in our advice and always aim to be practical and right.

– Martin Roughley, Managing Director

In business, there is so much going on and you don’t always have all the answers. That’s when you need to know who to call. Our clients call us.

– Shaun Madders, Director

Going beyond the compliance and routine is what we do. By maintaining open and frank communication we are able to provide valuable insights and assist in driving the changes required to help our clients achieve their goals.

– Fergus Roughley, Director