IFRS 16 Lease for ROU (right of use) Assets

[former_member541511]

Hi

we are in process to implement the IFRS16 Lease account for ROU assets.

i gone through couple of notes like 2255555.. still i have confusion on below points and please guide me.

1. currently we have Asset accounting, is it mandatory to implement the Real estate management for above requirement.

2. what are the changes that we need to to in asset accounting.

Thanks in advance.

NRVI

[former_member597221]

Ad 1: It's not mandatory as accounting standard can't push you for specific technical realization. However you'd need to find a way how to implement the functions of BS valuations without RE-FX. Namely Interest calculation, splitting between payment and interest, discounting the contract to Present value, linking it with Asset...

Ad 2: Asset class, account determination, depreciation key, transaction types + all limited to specific depreciation areas.