Achieve an effective lease agreement tracking and ensure IFRS 16 compliance by integrating iLeAS to your ERP System.
IFRS 16 introduces a single lessee accounting model and requires a lessee to recognise assets and liabilities for all leases.
IFRS 16 requires all major leases included in the balance sheet
The new on/off-balance sheet test for lessees - a key judgement area
Lease Definition - Exempsions
Two major optional exemptions make the standard easier to apply