IFRS 16

What is IFRS 16?

• Right of use model

• New International Financial Reporting Standard for lease accounting

• One of the notes prepared for MEC

Lease in...

• Lessee perspective

• Lessor perspective

• When the company using the asset

• When the company leases out an asset

Lease out...

• Lessee perspective

• Lessor perspective

• When the company using the asset

• When the company leases out an asset

What is the name of source system for IFRS 16?

• SAP RE-FX

• SAP FICO

• SAP 4HANA

How often we calculate IFRS 16?

• Daily

• Monthly

• Qurterly

• Yearly

Right of Use account is a part of?

• Balance Sheet

• Profit & Loss

Lease Liability is increase on?

• DT

• CT

Lease expenses are part of?

• Balance Sheet

• Profit & Loss

Please choose correct answer.

• Data in SAP FICO need to be equal to SAP RE-FX

• Data from SAP FICO can be different to SAP RE-FX