IFRS 16 Leases – the challenge
As we countdown to 1st Jan 2019, organisations are underway with preparing for the new IFRS 16 reporting requirements.
Initial feedback from projects underway is that the impact is widespread from policies and procedures, data preparation and collection, modelling and simulation and reporting. The single biggest challenge that seems to be emerging head and shoulders above others is data management:
CCH Tagetik Lease Accounting
IFRS16 Lease Accounting is a pre-configured module built in the Tagetik platform that:
So in brief, the heavy lifting is identifying and filling the data gaps…the data processing, setting up of a management system and reporting and disclosure is delivered in a matter of weeks.
What’s the next step to find out moreWATCH 2 MINUTE VIDEO DOWNLOAD BROCHURE
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