About 'ifrs 8'|Global convergence through IFRS - Part II
Talk about the winds of change. Wow. And we mean ' really Wow! '. Was it only a year or two when lease financing in Canada seemed like it was almost on its back. Many lessors themselves were financially challenged, borrowing rates had risen dramatically (by the way - those are passed on to you!) and, most important, it was simply difficult to get approved - even with lessors with whom you had a relationship for years . New Weather report! Sunny for business equipment loan! The new bottom line is that lease financing is back in a big way, the industry seems to have corrected itself, and with respect to you the borrower rates, structures, and oh yes , approvals ! are all over the place . So let's ensure you don't miss the bus and let's focus and recap on some major new trends (and old benefits) for this valuable part of business financing in Canada. Appropriateness. Well here's another shot of even more good news, in that lease financing continues to be right for every type of firm in Canada -. And that's of course whether your firm is a start up, small to medium sized company, or a major Canadian corporation in the Financial Post 100. We think that pretty well covers everyone! Abundance. We're talking about capital, and its availability. In case you didn't notice abundance of capital, let alone getting approved for financing kind of disappeared in the 2008-2009 global financial implosion and recession. However banks, insurance companies, hedge funds etc are back to capitalizing the lease industry in a big way. You probably know that abundance of capital means more often than not competitive rates and lease finance rates have slowly improved - with competitive pricing getting better everyday in the Canadian marketplace. Creativity was always a second name for business equipment loans and leasing finance. So ensure you use this form of capital to finance anything that makes sense. And in the new economy that means anything from software, computing power, telecom equipment, and even a corporate jet... should you be that lucky. Over time industries changes - and in the lease finance industry the overall Canadian market segmented itself into 3 sectors, small, mid and large ticket. It's very important from a time waiting perspective that you understand what niche you need to exploit via a Vis your capital acquisition needs. A 2k photocopier can be approved within minutes in the current environment, and if you are financing large asset acquisitions consider choices you have such as off balance sheet financing via operating leases, IFRS ( some new accounting rules) not withstanding . So that's the new truth in Canadian equpment financing. Lease financing for business equipment loans is viable, available, and creativity knows no bounds when it comes to asset financing for your firm. Want to get plugged back in? Really quickly? Speak to a trusted, credible and experienced Canadian business financing advisor who will bring the world of leasing finance to your door very quickly. |
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CIMA Website CIMA Global Cima Cost Cgma Qualifications Cost Management Accountants Chartered Management Institute UK The Institute of Management Accountants Chartered Global Management Accountant Operating Segments of an Enterprise Operating Segments Definition Operating Segment Reporting Examples of Operating Segments Operating Segments Segment Reporting Guidance IFRS 8 PDF IFRS 8 Operating Segments Problem
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