IFRS 16 – Lease Accounting

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IFRS16 for Lease Accounting

IFRS16 includes new principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract. Legerity FastPost is the modern and effective alternative to traditional lease management systems, which cannot offer the detailed accounting rules, calculations and multi-GAAP processing required by IFRS16. Empowering firms with a non-disruptive solution that fully supports lessee and lessor accounting requirements – fast-tracking the implementation of IFRS16.

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How FastPost helps you handle IFRS16

Data

Designed to support high volumes of granular data, FastPost integrates sources quickly – delivering a single and accurate repository of lease detail.

Complexity

FastPost’s data model meets the most demanding levels of lease accounting complexity, supporting full retrospective and cumulative catch-up approaches.

Audit

FastPost helps users make the judgements and decisions required by IFRS16, delivering an approach that’s consistent, traceable and has a full audit trail.

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