IFRS 16 Lease Accounting Tool

A practical solution to a complex issue

The introduction of IFRS 16 'Leases' represents a fundamental change to lease accounting. Understanding the financial impact of the new standard on your business can be a complex process, requiring detailed calculations and modelling - especially for companies with a large number of leases.

Recognising this need, PwC has developed an IFRS 16 Lease Accounting Tool to support lessees who want an accurate, reliable and cost effective accounting solution. The tool offers a 'Day 1' impact assessment plus ongoing journal entries and outputs for business as usual financial reporting under the new standard.

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Watch the video to learn more:

10/05/19

A practical and economic solution to a complex issue.

Why is an IFRS 16 calculation tool required?

40+

data points are required to manage each lease and undertake IFRS 16 calculations.

Complex calculations

are necessary where leases contain fluctuating periodic rentals, ongoing change in extension/termination options, different currencies, etc.

Managing lease data

and their calculations, and tracking post-transition lease modifications becomes complex where more than 25 leases are held.

Basic spreadsheet models

created for individual leases present a greater risk of input error, and require significantly more manual time and effort to aggregate balances, report consistently and perform audits or verifications.

Our IFRS 16 Lease Accounting Tool provides an accurate, reliable and cost effective solution

Excel based, macro driven tool

Covers all three IFRS 16 transition approaches

No requirement for storage space or annual subscription fees

Provides an all in one solution: acts as a lease register and a financial impact calculator

Produces IFRS 16 journals

Customisable to your requirements

Capability to analyse and review IFRS 16 data

Multiple entity and multiple currency enabled

Request a demo

If you're interested in exploring how the IFRS 16 Lease Accounting Tool can help your organisation, please get in touch using the form below, and one of our team will be in touch.

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