The new lease accounting standard requires nearly all leases to appear on the lessee’s balance sheet, eliminating off-balance-sheet accounting and impacting key financial metrics.
Unit4’s IFRS 16 solution makes it easy to adapt to these changes in just a few steps, keeping your organization compliant and efficient.
Robert Abery, Management Accountant of East England Ambulance Service NHS Trust, a Unit4 customer, testifies to the efficiency of Unit4 FP&A in managing IFRS 16 accounting:
“Using the Unit4 IFRS 16 software solution, we can import all the lease contracts quickly and easily. We can then identify the effects of accounting for each contract, and aggregate those to different cost centers.”
