IFRS 16 lease
accounting calculator
Fill out the contact form below to get your IFRS 16 / AASB 16 / NZ IFRS 16 lease accounting calculator.
Don't know where to start?
IFRS 16 has fundamentally changed how companies account for leases, and if you’re new to lease accounting under this standard, here are the key practical considerations you should focus on:
What tools should I use for lease calculations under the IFRS 16 standard? Does my current accounting system have the required features?
Which general ledger postings need to be produced monthly? (Most examples you may find are very simplified)
How much additional work will this create for my accountants? Can it be handled manually, or does it require automation?
Proceed from here
Once you determine how your lease accounting will be set up under the new rules, your next questions may be:
How exactly can the transition to IFRS 16 be accomplished? In theory, you know what your options are – retrospective vs cumulative catch-up – but you’ll need a tool to model the impact on your balance sheet, profit & loss statement, and key performance indicators, as all of these will change.
Is your future process flexible enough to accommodate variations in lease agreements as circumstances change? How complex will it be to account for modifications?
To make the right decisions, you may need to work with your lease figures and model your accounting transactions to see the impact on your balance sheet. The essence of IFRS 16 is the requirement to recognize operating lease liabilities on the balance sheet and the right-of-use assets.
To help with this, lease accounting experts from SOFT4Lessee designed a “starter” tool – the IFRS 16 lease accounting calculator built on Excel. It is ideal for companies with just a few leases or those not ready to invest in lease accounting software yet.
The IFRS 16 calculator was tested against sample scenarios published by well-known consultancy companies such as Deloitte, PwC, and Ernst & Young.
Looking for a free IFRS 16 lease accounting calculator? We’ve created an Excel’lent tool that’s worth the modest one-time investment. Fill out the contact form below to get your IFRS 16 lease accounting calculator.
NOTE: This Excel-based IFRS 16 lease accounting calculator is suitable for companies with up to 100 lease agreements. As we all know, even though Excel is a fantastic tool, its functionality is limited.
For larger lease portfolios or companies with complex lease agreements (e.g., variable leases, leases in foreign currency, etc.), we recommend considering more sophisticated software, like SOFT4Lessee, designed for companies with hundreds or thousands of leases. Register for a FREE consultation to find out if it fits your company’s needs.
IFRS 16 lease
accounting calculator
Fill out the contact form below to get your IFRS 16 / AASB 16 / NZ IFRS 16 lease accounting calculator.
Don't know where to start?
IFRS 16 has fundamentally changed how companies account for leases, and if you’re new to lease accounting under this standard, here are the key practical considerations you should focus on:
What tools should I use for lease calculations under the IFRS 16 standard? Does my current accounting system have the required features?
Which general ledger postings need to be produced monthly? (Most examples you may find are very simplified)
How much additional work will this create for my accountants? Can it be handled manually, or does it require automation?
Proceed from here
Once you determine how your lease accounting will be set up under the new rules, your next questions may be:
How exactly can the transition to IFRS 16 be accomplished? In theory, you know what your options are – retrospective vs cumulative catch-up – but you’ll need a tool to model the impact on your balance sheet, profit & loss statement, and key performance indicators, as all of these will change.
Is your future process flexible enough to accommodate variations in lease agreements as circumstances change? How complex will it be to account for modifications?
To make the right decisions, you may need to work with your lease figures and model your accounting transactions to see the impact on your balance sheet. The essence of IFRS 16 is the requirement to recognize operating lease liabilities on the balance sheet and the right-of-use assets.
To help with this, lease accounting experts from SOFT4Lessee designed a “starter” tool – the IFRS 16 lease accounting calculator built on Excel. It is ideal for companies with just a few leases or those not ready to invest in lease accounting software yet.
The IFRS 16 calculator was tested against sample scenarios published by well-known consultancy companies such as Deloitte, PwC, and Ernst & Young.
Looking for a free IFRS 16 lease accounting calculator? We’ve created an Excel’lent tool that’s worth the modest one-time investment. Fill out the contact form below to get your IFRS 16 lease accounting calculator.
NOTE: This Excel-based IFRS 16 lease accounting calculator is suitable for companies with up to 100 lease agreements. As we all know, even though Excel is a fantastic tool, its functionality is limited.
For larger lease portfolios or companies with complex lease agreements (e.g., variable leases, leases in foreign currency, etc.), we recommend considering more sophisticated software, like SOFT4Lessee, designed for companies with hundreds or thousands of leases. Register for a FREE consultation to find out if it fits your company’s needs.
Get your Excel-based calculator
Fill out the form below, and receive your Excel calculator for lease accounting under
IFRS 16 / AASB 16 / NZ IFRS 16.
Get your Excel-based calculator
Fill out the form below, and receive your Excel calculator for lease accounting under
IFRS 16 / AASB 16 / NZ IFRS 16.