IFRS 16
Elevate Your Business with SAP Expertise.
How It Works
Streamlined Lease Accounting in Compliance with IFRS 16
ESM’s IFRS 16 solution offers a flexible and adaptable architecture within SAP, designed to seamlessly manage accounting postings for lease agreements in accordance with IFRS 16. This solution enables efficient tracking of all lease-related data without issues, ensuring full compliance with global standards.
Contract details such as renewal clauses, payment plans, and Right of Use (ROU) data are entered into the system, making all related calculations easily accessible.
Multiple contracts can be transferred from Excel into SAP. Contract postings are then automatically created based on the relevant parameters, including interest rates and foreign exchange differences.
The solution handles adjustments for contract scope changes, depreciation, and other postings. It also integrates smoothly with Non-SAP contract management systems.
Key Benefits
Effortless Lease Accounting and Reporting
Track all lease agreements on your balance sheet under one consistent model, covering both financial and operational leases.
Quickly manage and report complex lease-related transactions, including payments, depreciation, and exchange rate effects.
Easily analyze financial statements with IFRS-compliant data, offering a globally recognized language for financial reporting.