A significant change is coming to corporate balance sheets with the implementation of IFRS 16 - Leases. This will not only impact financial ratio analysis but may change the way some companies conduct businesses. Explain and reflect on the impact you think this change in accounting standards is likely to make with any workplace experience.

One of the main features of the change in the reporting of leases is the recognition that the financial statements fail to report on a number o other intangibles, particularly internally generated research and development (which is normally expensed and therefore not reported on thebalance sheet).