IFRS 16

Seamless IFRS 16 Planning and Reporting.

Don’t get caught out by the complexity of IFRS 16.  With the Apliqo IFRS 16 module, you can integrate all the required information and perform the relevant calculations under one roof, leveraging the power of IBM Planning Analytics. 

IFRS 16

Seamless IFRS 16 Planning and Reporting.

Don’t get caught out by the complexity of IFRS 16. With the Apliqo IFRS 16 module, you can integrate all the required information and perform the relevant calculations under one roof, leveraging the power of IBM Planning Analytics.

What is IFRS 16 all about?

IFRS 16 is a new accounting standard that has recently become effective, requiring organisations to recognise both the right of use asset and the obligation to make lease payments as a liability (along with depreciation and interest respectively).

This replaces the old leases standard and has introduced some additional complexity as organisations transition over to this new form of accounting. A tool like Apliqo CC can assist your company with these changes, so that you are in line with new requirements and are well placed to manage the complexity going forward.

What is IFRS 16 all about?

IFRS 16 is a new accounting standard that has recently become effective, requiring organizations to recognize both the right of use asset and the obligation to make lease payments as a liability (along with depreciation and interest respectively). 

This replaces the old leases standard and has introduced some additional complexity as organizations transition over to this new form of accounting.  A tool like Apliqo CC can assist your company with these changes, so that you are in line with new requirements and are well placed to manage the complexity going forward.

Key features

Efficient data collection

Import data directly from your ERP systems or from offline Excel documents in order to collect the relevant information. The IFRS 16 module will validate these inputs and help to get the building blocks in place for efficient and accurate calculations.

Planning and contract calculations

Lay out your future payment schedule to calculate Net Present Value, Amortisation, and much more. See your IFRS 16 numbers at a glance to understand the current and future accounting implications.

Easily manage deferred tax

Automatically calculate the impact of deferred tax across a complex lease base without additional calculations required.

Balance sheet management

Understand what your balance sheet looks like at all times through real-time balancing and reporting.  Analyse the results with IBM Planning Analytics for enhanced visibility and insight. 

Understand what your balance sheet looks like at all times through real-time balancing and reporting.  Analyse the results with IBM Planning Analytics with Watson (TM1) for enhanced visibility and insight. 

Key features

Efficient data collection

Planning and contract calculations

Import data directly from your ERP systems or from offline Excel documents in order to collect the relevant information.  The IFRS 16 module will validate these inputs and help to get the building blocks in place for efficient and accurate calculations. 

Lay out your future payment schedule to calculate Net Present Value, Amortization, and much more.  See your IFRS 16 numbers at a glance to understand the current and future accounting implications. 

Easily manage deferred tax

Balance sheet management

Automatically calculate the impact of deferred tax across a complex lease base without additional calculations required. 

Understand what your balance sheet looks like at all times through real-time balancing and reporting.  Analyze the results with IBM Planning Analytics for enhanced visibility and insight. 

Understand what your balance sheet looks like at all times through real-time balancing and reporting.  Analyse the results with IBM Planning Analytics with Watson (TM1) for enhanced visibility and insight. 

Apliqo’s IFRS 16 functionality can give you the accounting support that you need to manage a complex lease schedule and navigate the transition across to this new standard.

Get started today!

Apliqo’s IFRS 16 functionality can give you the accounting support that you need to manage a complex lease schedule and navigate the transition across to this new standard

Get started today!

Learn how Apliqo can help you and your business
Learn how Apliqo can help you and your business
Learn how Apliqo can help you and your business
Learn how Apliqo can help you and your business
Learn how Apliqo can help you and your business
Learn how Apliqo can help you and your business