Welcome to a Financial Network Business Breakfast starting off with a MENA market update for Q3 2018. Meet AARO Systems and learn more about how to control your business with efficient and user friendly accounting solutions, as well as to ensure IFRS 16 compliance starting from 1st Jan 2019. Read more about the topics below.
7.45 AM Registration and breakfast bar opens.
8 AM Presentation
9.30 AM Open discussions and networking
Please note, this event is for corporate and professional members only.
About the topic
Topic 1: Improving prospects for the Middle East market – Q3 2018 update
· Rising oil production across the Middle East and higher oil prices will further support the economic recovery in the Middle East economies from last year’s slump. During the session we will highlight market growth drivers for 2019, industries to focus on and how to be better prepared for 2019 to leverage market potential.
a) Shift from Capex-to-Opex model is ideal for this market – to achieve cost efficiencies and have stable cashflow
b) Watch-out for business process optimization opportunities to drive efficiencies
c) Faster & reliable finacial reporting will be crucial for decision making
Topic 2: Straightforward adoption of IFRS 16 Lease Accounting.
Do you know EBITDA will have positive impact resulting from IFRS 16 Lease Accounting w.e.f. 01st Jan 2019? IFRS 16 will bring most lease contracts on-balance sheet.
The new standard will provide much-needed transparency on companies’ lease assets and liabilities, meaning that off balance sheet lease financing is no longer lurking in the shadows.
Our experience in recent months suggest that many finance leaders underestimate changes IFRS 16 is bringing to management & statutory reporting i.e. Debt to Equity ratios, EBITDA, ROA, ROCE etc. all key ratios will be impacted.
During the session you will get an overview of IFRS 16 scope, requirements, impacts on financial statements and readiness checklist including system-based solutions.
Remember – if your organization is impacted then you need to ensure IFRS 16 compliance starting from 01st Jan 2019.