The IFRS 16 Lease Accounting and Asset Management Software Solution

What is IFRS 16?

IFRS 16 (International Financial Reporting Standard 16)

is a comprehensive accounting standard issued by the International Accounting Standards Board (IASB) for lease accounting.

Who Needs IFRS 16?

IFRS 16 is applicable to all entities that prepare their financial statements in accordance with International Financial Reporting Standards (IFRS). .

Since January 2019

Entities need to apply IFRS 16 at the start of their annual reporting period if they report under IFRS.

Ensuring compliance with IFRS 16 involves several steps:

These include Identifying Leases, Classifying Leases, Monitoring Changes, Regular Reporting and Utilizing Technology.

IFRS 16 Lease Accounting

Get and stay compliant with the latest IFRS 16 lease requirements.

Asset Management

Manage all fixed assets with the ability to run all of your reports.

Hire Purchase Management

Manage all financed assets with the ability to run all of your reports, set notifications and reminders, payment schedules and more!

Document Management Solution

Manage and store all documents in one central location with the ability to configure roles and responsibilities per user.

Our IFRS 16 guide is ideal for those looking to understand more about the requirements of the standard. The guide touches on the basics of how to apply the standard and also includes practical examples.

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The IFRS 16 Lease Accounting and Asset Management Software Solution

What is IFRS 16?

IFRS 16 (International Financial Reporting Standard 16)

Who Needs IFRS 16?

When Do You Apply IFRS 16?

Since January 2019

How Do You Make Sure You Are Compliant?