SCOPE ITEM 21P - IFRS 16

[Former Member]

Hi All,

we will have to implement the additional scope item 21P – IFRS 16 (it was required by our customer)

Realistically, it will be ready for UAT on Feb 19^th and Go Live within the following week.

The scope item should have been implemented before the end of 2019, but it will be implemented in the third week of February 2020.

We need to understand the accounting impacts in order to avoid the risk of manual postings to be recorded according to the following requirements:

• Lease contract activated on January 1^st

• IFRS 16 scope item activation in February and automatic postings executed at the end of February

1. Scenario : January accounting period closed – February accounting period opened / automatic postings executed at the end of February

When the execution of the automatic posting tool is performed, will the accounting postings be cumulated in February? (Postings of January 2020 + Postings of February 2020 – cumulated postings will be performed at the end of February 2020 with posting date 29.02.2020)

1. Scenario: January accounting period not closed - – February accounting period opened / automatic postings executed at the end of February

When the execution of the automatic posting tool is performed,

• the documents related to January 2020 will be posted with posting date 31.01.2020?

• the documents related to February 2020 will be posted with posting date 29.02.2020?

Please let us help to understand how the IFRS 16 automatic tool works?

Thank.

Best Regards,