IFRS 16 for OneStream allows companies to easily comply to the IFRS 16 Lease Accounting standard through a solution that works within their existing OneStream platform.
The IFRS16 module is configured to create an overview of the operating lease contracts and to calculate the NPV used for capitalisation of the right-of-use asset and lease liability (based on inputs). This will then be used to adjust the IAS17 reported figures to comply with the
IFRS16 Leases Standard.
Addressing the Challenges of IFRS 16 Compliance
Full compliance to the IFRS 16 Lease Accounting standard through a solution tailored for this purpose
Track and store information on all lease contracts from a single platform, with the ability to upload contract or other documents for each lease
Eliminate the need for numerous and complex spreadsheets by automating lease calculations and reporting
Automatically generate journal entries and adjustments to accurately reflect leases on your Balance Sheet and Income Statement
Key IFRS 16 Module Features
Lease-related calculations and reports with a click
of a button
Enter contract options
(termination, purchase and extension)
Forecasting to see the impact of lease variables
to future financials
Built in OneStream for seamless data source integration to underlying CPM/ERP
Automated sanity check of contract data
Do currency conversion of contracts
For more information about Lease Accounting
To download the Lease Accounting brochure, please complete the form below to get the link to the file.