CASE STUDY THE CHALLENGE To ensure compliance with IFRS 16, Boart Longyear hired Weston Curtis to manage the company’s transition. Curtis’ background as a consultant with a Big 4 rm made him uniquely qualied to understand the new guidance and centralize the company’s lease accounting, which had been handled by local ofces prior to his arrival. “Based on the number of leases and current level of disaggregation, combined with the level of understanding of IFRS 16 required to properly account for leases, we determined that it would be completely impractical to track the ROU and Lease Liability without a lease specific software.” Beyond compliance, Boart Longyear knew they needed a software that met specic criteria: LeaseQuery came in at the right budget and did everything w

Join for free to read