k-Shuttle IFRS 16 Solution

k-IFRS 16

A simple solution to solve a complex issue

Inplenion & Shuttle Expand Partnership to insure companies mastering IFRS 16 evolution.

Accounting and potential business impacts relating to this standard.

IFRS 16 Leases is applicable to lessees and lessors for years commencing on, or after, 1 January 2019. IFRS 16 requires companies to consider lease contracts of significant value and of a duration greater than 12 months, as if they were acquisitions for which the underlying asset’s value and corresponding debt needs to be evaluated. Companies will have to choose rates, probable asset utilization duration, impairment tests, and consider carefully the sub-lease and lease-back cases. Information thereby collected need to be traceable and auditable, and will have to be certified by auditors.

k-IFRS 16 from kShuttle is a simple solution that strengthens a business-oriented approach.

Putting IFRS 16 into practice requires solid business foundations

A clear normative framework to apply within the group
Processes adapted to the diversity of situations
in the subsidiaries
The collaborative capacity both within a company and between the group and their subsidiaries
A comprehensive lease portfolio centralized into a single repository
Simulations in order to anticipate the impact of the possible options
Adaptable dashboards and reports destined to management and auditors
Appropriate solutions easy to integrate in your existing IS

k-IFRS 16 includes features that will strongly facilitate the success of your project

Create collaborative communities within the application and build a constructive dialogue:
• between Corporate and subsidiaries
• within each company, between the departments implicated
in the process
• between the auditors and the group
Add qualitative information and comment any dashboard… at any level of the process
Compare the impact of scenarios in parallel, and make informed decisions
Work in a group using an end to end solution, without breaking the digital chain, enabling you to measure and anticipate the impacts of a decision, in real-time, at any level of the hierarchy

How to insure a successful IFRS 16 rules management

Guide

Group Criteria
Rates and index
Regulatory framework
Subsidiaries information
Data entry management
Access rights and user profiles

Mapping

Rental expense accounts
Other assets

Data Entry

Lease contract data entry

Overview

Summary
Simulation 1st application
Restitution of impacts
Scenario management
Contracts by scenarios
Comprative analysis

Tools

Import of contracts
Impact on the financial statements
and export to CONSO / ERP tools

A powerful partnership between an agile digitalization business software company and financial consolidation and reporting experts

Learn how you can use k-IFRS 16 solution in your organization

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