1. XYZ Corporation is a multinational company that operates in various industries such as manufacturing, retail, and healthcare. The company has a significant number of operating leases that are material to its financial statements. With the adoption of IFRS 16, the company faces several challenges related to the recognition, measurement, and disclosure of leases in its financial statements.

IFRS 16 requires lessees to recognize most leases on their balance sheets as right-of-use assets and lease liabilities. This means that XYZ Corporation will need to identify all its leases, determine their lease term and discount rate, and calculate the present value of lease payments to recognize them on the balance sheet.

1. XYZ Corporation is a multinational company that operates in various industries such as manufacturing, retail, and healthcare. The company has a significant number of operating leases that are material to its financial statements. With the adoption of IFRS 16, the company faces several challenges related to the recognition, measurement, and disclosure of leases in its financial statements. IFRS 16 requires lessees to recognize most leases on their balance sheets as right-of-use assets and lease liabilities. This means that XYZ Corporation will need to identify all its leases, determine their lease term and discount rate, and calculate the present value of lease payments to recognize them on the balance sheet