Meet the skeletons in the IFRS closet (TT Jun05 p24-26)

New accounting principles on areas such as currency, leasing, business combination, share options and presentation will significantly affect reported numbers. Numerous other IFRS transition changes can also greatly affect treasury operations and reporting. Applying the new rules is complex and can result in big changes. Treasurers will need to spend more time in understanding the new rules and their implications and in educating stakeholders.