IFRS 16 IMPLEMENTATION AT DEUTSCHE POST DHL GROUP
DEUTSCHE POST DHL GROUP: LEADING THE WAY IN IFRS 16 IMPLEMENTATION
The new International Financial Reporting Standard on Leases, which comes into effect on January 1, 2019, requires balance sheet accounting for almost all leases.
Over a period of 18 months, a core team of both corporate accountants and management consultants researched, recommended, and spearheaded a global implementation project, resulting in IFRS 16 compliance a full year ahead of the regulatory deadline – an extraordinary accomplishment.
In this article we share our experiences on how to plan for complexity, overcome unique hurdles and the key lessons we learned.