The new accounting standards, IFRS 16 and FASB ASC 842, will put almost all leases on the lessee’s balance sheet as a lease liability and right-of-use asset. This app helps lessees understand how the new accounting standard for leases will apply to
As of January 2019, the IFRS 16 standard imposes a single lessee accounting model, requiring lessees to ensure a permanent lease inventory, recognize assets and liabilities in their balance sheet and publish additional disclosures. REPORTWISE IFRS
This model uses formulas on balance sheet movements to generate an indirect Statement of Cash Flows.
Easily manage your lease contracts while complying to the new IFRS 16 standard. Advanced reporting and calculation capabilities are available in the app.