IFRS 16 Lease Accounting Module Development

Scope of Work

The development of the IFRS 16 lease accounting module includes:

• Implementation of the IFRS 16 functionality based on the BAS platform;
• Analysis and input of opening balances;
• Post-implementation support.

Key Benefits

By implementing the IFRS 16 module, your company gains the following advantages:

• Automated calculation and accounting directly within the BAS system;
• Elimination of manual calculations and data transfers, reducing the risk of errors;
• Automatic generation of accounting entries during month-end closing;
• Export of calculation reports for review by auditors and regulatory authorities.

Your project will be delivered by a team of qualified professionals with expertise in statutory audit, IFRS-compliant consolidated and standalone financial reporting, preparation and transformation of financial statements, and consolidation.

We would be happy to provide consultations on the development of the IFRS 16 lease module and answer any questions you may have. Please contact us via the phone numbers listed on our website or fill out the form below to get in touch with our team.

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Functionality of the IFRS 16 module

• Recognition of lease agreements in the system
• Calculation of the present value of lease liabilities
• Generation of lease payment schedules
• Accounting for long-term and short-term liabilities in local and foreign currencies
• Interest accruals under lease agreements
• Depreciation of the recognized right-of-use asset
• Handling of lease modifications
• Lease termination processing
• The module is developed to integrate seamlessly with the client’s existing BAS configuration.
• The result of the calculation process will be a set of automated accounting entries.