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CHALLENGES
INITIAL SITUATION:
Every IFRS-reporting company has to implement
IFRS 16 (as a replacement of IAS 17)
IFRS 16 will be probably effective for periods
commencing after 1 January 2019 (2020 the latest)
As per now the main impact of changes will concern
the accounting for leases by the lessee
OBJECTIVES:
Smooth implementation of IFRS 16 Leasing
Assessment of possible impacts on external
reporting, group close processes and capital
Identification of issues where judgement is needed
Provide and prepare information to consistently
exercise accounting choices, thereby minimising
internal cost of reporting and optimising external
reporting needs, especially realising external
reporting opportunities
Preserve consistency within group reporting
Hold-up continuity in accounting philosophy
Questionnaires
Consultation/
Support
P1
Leases acc.
IFRS 16
class 1
class 2
Separation in
sub-portfolios?
Leases
P2
Operating
lease
Impact
analysis:
materiality
system
processes
organisation
P3
P4
P5
Finance
lease
P6
P7
Leases
< 5.000 $
Leases
< 1 year
Subleases
Pn
Transparency / Tool
Difference/Impact
Strategic /
Project
Coordination
Lease contracts
IFRS Support
Lease contracts
Lease contracts
Availability
of several
modules
IT Support
2.
Identification factory
Contract Analysis
Qualified
personnel
Lease contracts
Problems:
Analysis by contract /
by portfolio / missing
data
English
German
Language
oriented
Audit Factories
Two-tier
outsourcing
approach
C1
C2
C3
C4
C5
Business Line
2
Analysis
Cluster
1
Cluster
2
Cluster
3
Cluster
M
C1
C2
C3
C4
C5
Business Line
N
C1
C2
C3
C4
C5
Contracts in
English language
Contracts in
German
language
Comply
Structured
Documentation
No comply