IFRS 16

The scope of work on this process includes:

• Implementation of the software-based IFRS 16 module
• Analysis and introduction of opening balances
• Support after implementation

By ordering services for the development of the IFRS 16 module, you receive the following benefits:

• Automatic calculation and accounting directly in the accounting system;
• No need for manual calculation and data migration as a result of reducing the number of errors;
• Formation of automatic postings in the month closing procedure;
• Downloading calculation tables to enable their verification by auditors and regulatory authorities.

A team of qualified experts, professionals in the field of mandatory audit and audit of consolidated and financial statements prepared under IFRS, experts in the preparation, transformation, consolidation of financial statements, financial modelling, budgeting, and financial data analysis will work on your project. An experienced project manager in the field of corporate financial management and corporate management reporting will verify the quality of project implementation.

We will be pleased to advise you on developing the IFRS 16 lease module and answer all your questions. Don’t hesitate to contact us using the phone numbers listed on the website or filling out the form below for quick communication with our managers.

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Functionality of the IFRS 16 module

• Acceptance of a lease contract for accounting
• Calculation of the book value of a liability under the contract
• Calculation of the debt repayment schedule
• Accounting for non-current and current debt in national and foreign currencies
• Accrual of interest under the contract
• Depreciation of the asset entered on the balance
• Modifications of the lease contract
• Closing of the lease contract
• It is planned to develop a module that will be integrated into the client’s existing configuration. The result of the calculation and operation of the application will be a set of postings.