IFRS 16 compliant with the GlobalLeaseCenter
You still balance leasing contracts with Excel? We have the safer and cost-efficient alternative!
Our web-based IFRS 16 software supports you not only in the calculation and booking of leasing contracts and the determination of notes, but also in the decentralised recording and administration of contracts.
The complexity of the new IFRS 16 regulations often presents leasing-intensive companies with problems. This has come to an end with Lucanet! Our IFRS 16 leasing software integrates all requirements in our standard set, which guarantees a quick implementation! With GlobalLeaseCenter you are ready to go in just a few days!
Ready to go in just four days - IFRS 16 compliant accounting with one accounting tool:
IFRS 16 has turned the handling of leases with lessees on its head.
The new standard requires lessees to record all leases on the balance sheet which reflect their right to use an asset and the associated liability for payment. In the subsequent periods, depreciation and interest payable are recorded in the P&L. Short-term leases (of 12 months or less) and low-value leases are exempted. IFRS 16 also covers a range of rules concerning revaluations and modifications. Contract modifications and revaluations are recognised in the value of a right-of-use asset and the associated liability and, in certain circumstances, in the P&L. With our IFRS 16 software you solve the regulations without any problems.
IFRS 16 has turned the handling of leases with lessees on its head.
The new standard requires lessees to record all leases on the balance sheet which reflect their right to use an asset and the associated liability for payment. In the subsequent periods, depreciation and interest payable are recorded in the P&L. Short-term leases (of 12 months or less) and low-value leases are exempted. IFRS 16 also covers a range of rules concerning revaluations and modifications. Contract modifications and revaluations are recognised in the value of a right-of-use asset and the associated liability and, in certain circumstances, in the P&L. With our IFRS 16 software you solve the regulations without any problems.
IFRS 16 end-to-end-process
- Webtool, installed centrally
- Standard software
- Minimal master data
- Upload of key master data like interest curves
- Effective training concept by Lucanet (either on-premise or via WebEx)
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