IFRS 16 Lease Accounting Tool

For a smoother transition for your business

Implementing the new IFRS 16 lease accounting standard requires fundamentally changing the calculation methods applied within your business. The financial impact of the standard can be complex to quantify and involves detailed calculations and financial modelling, particularly for companies with large lease portfolios.

In order to assist our clients with the transition, one of the solutions that we’ve developed at PwC is a tailored and transparent tool that can be used to evaluate the transition day (‘Day 1’) impact as well as calculate ongoing monthly financial journals. Once customised and tested, it can be implemented in a matter of days, and doesn’t require complex IT infrastructure and therefore the onerous procurement which often accompanies such initiatives.

Introduction to the new standard

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IFRS 16: Introduction

How does our tool work?

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IFRS 16: How the tool works

Accurate, reliable and cost effective IFRS 16 accounting

Excel-based solution

Outputs IFRS 16 monthly journals

Supports all three transition methods

Tailored to fit your specific business needs

No associated annual licensing fees

In depth analysis of your lease portfolio

All-in-one single solution to hold your lease register and calculate financial impact

Supports multiple entities and currencies as well as group reporting conversion

Contact us

Richard Veysey

Richard Veysey

Partner, Accounting advisory, PwC United Kingdom

Tel: +44 (0)7718 976 960

Nigel Wilson

Nigel Wilson

Deal Analytics Leader, Transaction Services, PwC United Kingdom

Tel: +44 (0)7715 484 979

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