Lease-in accounting - migration

[Martina_Manzoli]

Hi all,

for the next golive on July we need to migrate also active and ongoing Contract Lease Management.

Is there somewhere a guide to do it correctly in the system? We need to migrate the entire contract or only the residual part? How can we manage the fixed assets for IFRS16?

Thanks and best regards

Martina Manzoli

[Mark_W · Accepted solution]

Hi Martina,

Please check the below scope items which cover lease accounting.

https://rapid.sap.com/bp/#/browse/scopeitems/21p

Accelerate leasing processes

Standardize and automate your recurring lease administration activities

Gain full control and visibility of leases and critical dates

Monitor critical dates on your leases, such as lease notifications and renewals

Improve decision making

Help ensure compliance to the latest financial reporting standards, like the new lease accounting standard IFR16

https://rapid.sap.com/bp/#/browse/scopeitems/2SA

Support compliance requirements for lease-out scenarios

Support comprehensive leasing processes within IFRS 16

Standardize and automate your recurring lease administration activities

Gain full control and visibility of leases and critical dates

Monitor critical dates on your leases, such as lease notifications and renewal