IFRS 16

IFRS 16 for SAP is a solution designed for full and clear implementation of the IFRS 16 international accounting standard directly in the SAP system. It enables the management of lease agreements, recording of assets and payment schedules, accounting corrections, and generation of statutory reporting. With an intuitive user cockpit, support for time-dependent changes, and full compatibility with SAP ERP and S/4HANA, it ensures simplified and legally compliant lease accounting.

Benefits

  • Reconciliation of accounting operations in the SAP system with the IFRS 16 standard
  • Working with leasing and rental contracts established before and after the IFRS 16 standard came into force
  • Transparent user cockpit for managing contracts and using the system solution
  • Entering time-dependent changes for contracts (addenda)

Reporting

  • Legal reporting
  • Overview of lease contracts and assets
  • Overview of installment plans
  • Overview of accounting corrections in non-IFRS accounting books

Records

  • Of rental and leasing contracts
  • Of Subjects of rental and leasing contracts
  • Of installment plans for individual subjects of contracts

Properties

  • Compatibility with SAP ERP as well as SAP S/4HANA
  • Prepared in SK and EN language

Periodic activities

  • Correction of accounting in books other than IFRS
  • Updating the installment plan in the IFRS 16 cockpit with information on the:
    • Status of accounting
    • Status of payment
  • Depreciation

Assumptions

  • Installation of add-on
  • Access to the system in order to make the necessary settings (integration into SAP FI, FI-AA, CO)
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