CFO's Guide: Transition To IFRS 16

In this series we have previously explored the key IFRS 16 headlines, which groups will be most impacted by the new standard and how groups should be preparing for transition to IFRS 16. Building on the previous articles, we shall continue to consider key areas of analysis and judgement that should be considered as part of any IFRS 16 implementation exercise.

In this article, we focus in the importance and relevance of the choice of transition option when implementing IFRS 16 - considering the following questions:

• What transition options are available under IFRS 16?
• Why is transition choice important?
• What are the key takeaways for the Middle East CFO?

What transition options are available under IFRS 16?