infocat logo

IFRS 16

Planning Analytics Powered by TM1 Budget

Screenshot of an IFRS Solution

Read our BLOG for more information

Are you a Planning Analytics/TM1 user?  Then check out the packaged Planning Analytics IFRS 16 Solution Accelerator HERE.

 

Read more:

Business Solutions

Case Studies

Generic Landing Page

IFRS 16 is the new accounting standard for Lease Reporting, effective 1 January 2019.

Under IFRS 16, lessees must record all finance and operating leases on their balance sheet:
     As liabilities, at the present value of the future lease payments
     As assets, reflecting the right to use the asset during the lease term

Calculations will quickly get complex, taking into account the character of the lease and the considerable amount of data that will be needed to support the calculations.

The sheer scale of this exercise means that for almost all affected companies, trying to manage it on spreadsheets will be totally impractical.

Instead, a comprehensive IFRS 16 application will deliver the important accounting tasks efficiently and accurately, and will also provide the insight needed to make optimal decisions on future financing arrangements.

Complete your details below to hear about the packaged options we offer.

Free format

Privacy Notice: We take your privacy seriously and will only use the personal information you provide to advise you of services and products we offer as part of our legitimate business interests. You may notify us at any time if you do not wish to be contacted for this purpose, simply email us at sales@infocat.co.uk. For more information, please see our Privacy Policy at www.infocat.co.uk/privacy-policy