SAP RE-FX Lease Accounting under IFRS 16 and IND AS 116

CA. Sanjay Barnwal CA. Sanjay Barnwal

CA. Sanjay Barnwal

S/4 Hana Finance and Central Finance Solution Architect; Community Services Director - Rotary Bagalore Whitefield Central

发布日期: 2020年10月15日
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As per IFRS 16 and IndAS 116, a Lessee has to account for his Leased assets as Right of Use Asset and also account for Lease Liability. From a Lessee perspective there is no difference treatment for Operating Lease or Finance Lease.

SAP RE-FX solution for Lease Accounting provides complete automated solution to meet this IFRS 16 and IndAS 116 related requirements. It allows you to assign an asset automatically, post lease liability and asset value based on present value of total lease payments and so on.

Recently I published a detailed video on You Tube sharing this SAP RE-FX solution from a Lessee perspective.

If you need any help on setting up RE-FX for Lease Accounting to meet IFRS 16 and IndAS 116 related requirements, feel free to contact me on [email protected]



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