PwC Introducing the New IFRS-16 Leasing Standard

When:  Jul 24, 2019 from 5:15 PM to 8:00 PM (NZ)
Associated with  New Zealand
CoreNet Global NZ, Empowering Corporate Real Estate and Workplace Executives

PwC Introducing the
New IFRS-16 Leasing Standard 

Wednesday, 24th July 2019, 5.15 PM, Auckland
Kindly Supported By

PwC Introducing
the New IFRS-16 Leasing Standard
 

The new IFRS-16 Leases standard is now in full effect. Leasing is an important and widely used financing solution for most organisations. It enables many to access and use property and equipment without incurring large cash outflows at the start.

It also provides flexibility and enables lessees to address the issue of obsolescence and residual value risk. When it comes to real estate, leasing is often the only way for occupiers to obtain the use of a physical asset, because they are not in a position to purchase. The new standard requires lessees to recognise nearly all leases on the balance sheet and no longer have rent expenses simply going through the profit and loss statement. 
 
The PwC team will explain in simple terms what it's all about and the practical implications from both accounting and property perspectives. Both the speakers will have pleasure presenting at PwC's Auckland office on this occasion.

 

Speakers

 


Richard Chung

Partner
PwC Real Estate Advisory 

Richard has 30 years’ experience in providing specialist property, valuation and consultancy advice to corporate and government clients. Over this period, he has been actively involved in property valuation standards, including accounting standards as they relate to property. Richard was a Director of Wareham Cameron & Co before that company joined PwC in 2016 and has previously worked for Jones Lang Wootton (now JLL) and the Wellington and New York offices of Ernst & Young (now EY).


Stephen Hogg

Executive Director
PwC Capital Markets Accounting Advisory Services

Stephen is an Executive Director within the Capital Markets Accounting Advisory Services practice of PwC based in Auckland. Stephen has over 25 years of accounting practice experience, including 5 years based overseas in Canada and the UK. Stephen has spent the last 15 years providing expert advice and assistance on complex accounting issues both internally to PwC engagement teams and externally to a large range of clients. 
 

 


 
CoreNet

Date and Time

Wednesday,  24th July 2019, 5.15pm for 5.30pm start

RSVP

By 5pm Wednesday 17th July 2019

Cost

CORENET MEMBERS & SPONSORS
Free for CoreNet members and sponsors

Please register your attendance by emailing  
adrian@corenetglobal.org.nz

or 

NON-MEMBERS
$60 for non-members
$30 for Young Leaders* non-members
please register here.
* Click here for more information on Young Leaders.

Venue

PwC
Level 22, PwC Tower
188 Quay Street
Auckland 1010
New Zealand

Parking

Street Parking
Click here for parking guide or street parking available.

Enquiries

Please email:

Adrian Tan
Email: adrian@corenetglobal.org.nz
Phone: 027 457 8331

 

Sponsors

DIAMOND

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SUPPORTERS

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Thank you to all our NZ Sponsors

Location

PWC Tower
Level 22
188 Quay Street
Auckland, NZAUK 1010
Event Image

Contact

Adrian Tan
+64 27 4578331
adrian@corenetglobal.org.nz