As an accounting practitioner, Mikail Jaman (also known as Mikail Jam’an) outlines the impact of implementing PSAK 71 (Financial Instruments), PSAK 72 (Revenue from Customer Contracts), and PSAK 73 (Leases) on corporate financial statements. from reclassification and forward-looking credit loss models to the five-step revenue recognition model and control-based lease accounting. Read on to ensure your financial reporting is both compliant and accurate.