Structural changes

摘要

This article continues our series looking at the issues facing specific industries in the preparation for conversion to International Financial Reporting Standards,focusing this month on the real estate sector. Conversion to IFRSs will pose many challenges for companies, ranging from identifying and implementing changes in accounting policies and IT systems to developing internal and external communications strategies for the new basis of accounting, and considering what impact revised measures of performance and net assets might have on regulatory requirements, bank covenants and dividend payouts.