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IFRS 16 Webinar

About this webinar

October 2018

25th

11:00 BST

Starts: Thursday, 25 Oct 2018 11:00:00 BST
Ends: Thursday, 25 Oct 2018 13:00:00 BST

Topic:
IBM Planning Analytics & IFRS 16 Solution Accelerator

Date: 25th October 2018
Time: 11:00am

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Overview

On 1st January 2019, the new IFRS 16 accounting standard will come into force. The new rule is expected to have a major impact on companies and how they present their financial results. Not only will it affect lease administration and accounting, it will also influence decisions companies make about whether to lease or purchase, when and for how long to enter into lease agreements, and a range of other issues.

What does this mean and how will these rules affect your business?

Major changes for any business that leases items – from vehicles, machinery, to property and beyond. The new IFRS 16 accounting standard requires companies to acknowledge leases as assets and liabilities on their balance sheets.

Join our webinar on 25th October, to find out how IBM Planning Analytics and IBM Planning Analytics Solution Accelerator for IFRS16 can help you speed up and simplify your lease reporting, to meet the requirements of IFRS 16.

Benefits of IBM Planning Analytics

IBM Planning Analytics automates planning, budgeting, forecasting and analysis processes. It enables Finance and line of business users to coordinate their planning, linking key business drivers to financial KPIs. This powerful financial planning and analysis solution helps you:

  • Create timely, reliable plans, budgets and forecasts
  • Perform in-depth, what-if scenario analysis to test assumptions and compare alternatives
  • Build multidimensional models to analyse profitability by product, customer, region and more
  • Communicate insights with compelling, self-service visualizations
  • Collaborate and integrate plans across Finance, Sales, Supply Chain, Operations, HR and more

What will IFRS 16 Solution Accelerator give me?

The IBM PA Solution Accelerator for IFRS16 is a pre-packed framework that helps organisations speed up and simplify reporting under IFRS 16, the solution accelerator. Benefits include:

  • Contract management
  • Perform in-depth, what-if scenario analysis to test assumptions and compare alternatives
  • Helps manage the complete lease accounting workflow, from contract creation to expiration
  • Balance sheet and lease cost classification in the income statement for depreciation and interest expenses
  • Provides flexible modelling, analysis and reporting of all contract types
  • Classification of the cash flow statement

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