The Road to IFRS Leasing Compliance-Are You Ready?

Hosted by: Financials Community/Real Estate SIG

The new International Financial Records Standard 16 (IFRS 16) defines how organizations must account for leases, stipulating most leases must be reported on each company’s balance sheet. These new lease accounting standards increase the risk of regulatory noncompliance and inaccurate statutory reporting. SAP Real Estate Management optimizes global asset portfolios and supports regulatory compliance of these new accounting rules. This session will review the results of SAP IFRS 16 Summer Testing and readiness of SAP users to comply with the new standard. Moreover, webinar attendees will learn how to implement an approach to IFRS 16 compliance with regards to assessing:  Real Estate, Finance and Accounting, Fixed Assets, and Stakeholder Communications.   A brief demo will feature the new functionality for valuation of leases.

Speakers:

John Chapman, Senior Real Estate Consultant, B4 Consulting

Phillip Schell, VP of Industry Solutions, B4 Consulting