IFRS 16 : Streamlined Lease Accounting Solution for Corporates
IFRS 16: in summary
IFRS 16 simplifies lease accounting for businesses, ensuring compliance with international standards. Tailored for large enterprises and finance teams, this software delivers automated lease calculation, comprehensive reporting tools, and seamless integration capabilities, all designed to streamline financial operations.
What are the main features of IFRS 16?
Automated Lease Calculation
Managing lease operations can be intricate, but IFRS 16 delivers an efficient solution through its automated features. This module ensures accurate lease calculations, saving you time and mitigating the risk of human error.
- Handles multiple lease types and terms
- Calculates right-of-use assets and liabilities effortlessly
- Automates journal entries for financial statements
Comprehensive Reporting Tools
IFRS 16 provides robust reporting tools to help finance teams comply with mandatory disclosure requirements. These tools enable the generation of detailed and customizable reports that meet international accounting standards.
- Generates standard and custom reports
- Offers forecast and planning capabilities
- Delivers accurate audit trails and compliance checks
Seamless Integration Capabilities
Integration is key for leveraging existing systems, and IFRS 16 facilitates this through its seamless connectivity features. Ensuring smooth interaction between your accounting software and IFRS 16's platform enhances data consistency and operational efficiency.
- Integrates with major ERP systems
- Facilitates data import and export with ease
- Supports multiple currencies and languages
IFRS 16: its rates
standard
Rate
On demand
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