Screenshots & Examples
Below are some screenshots from the application that show our methodology and calculation workflow for real estate lease, with examples for inducement and free rent.
IFRS-16: Utilization, use cases & workflows
Exemptions
First we need to configure the exemptions for this file, as these rules determine wether the standard applies or not.
Revisions & Details
Next we must create the first revision with its specified calculation dates.
Validate payments and incentives
In this section we can edit the rent table & see the payment incentives.
Review Activity & File
This section allow us to review revision 1's opening & closing activity, as well as edit some of the parameters.
Individual Report: ROU & Obligations, Daily
This individual report shows the calculation of ROU and Obligation on a daily basis.
Individual Report: ROU & Obligations, Fiscal Period
This individual report shows the calculation of ROU and Obligation per fiscal period.
Individual Report: Financial Statement per fiscal period
This report shows the financial impact of ROU and Obligation for entire lease term, including p&l impact and cash vs p&l. The last row of this report must always finish at 0 on the last month of the lease.
Financial Report: Reconciliation of ROU & Obligations
This is a consolidated report of files which shows a reconciliation of ROU & Obligations, on a financial year basis.
Financial Report: Journal Entries, per lease
Our journal entries car be interfaced in almost any format (xml, excel, txt, web service)
Validation Report: Review of different file statuses
Part of Infosite Solution (real estate) and Infosite Contract management we offer several validations and tests to ensure that IFRS-16 / ASC-842 calculations are in line with contract information and rent tables. This report allows you to quickly spot invalid or problematic files.
This report is not available when using only our IFRS-16 / ASC-842 module.
ASC-842: Utilization, use cases & workflows
Exemptions
First we need to configure the exemptions for this file, as these rules determine wether the standard applies or not.
Revisions & Details
Next we must create the first revision with its specified calculation dates. Note that on the bottom of the page we have an allowance and direct costs.
Validate payments and incentives
In this section we can edit the rent table & see the payment incentives.
Review Activity & File
This section allow us to review revision 1's opening & closing activity, as well as edit some of the parameters.
Individual Report: ROU & Obligations, Daily
This individual report shows the calculation of ROU and Obligation on a daily basis.
Individual Report: ROU & Obligations, Fiscal Period
This individual report shows the calculation of ROU and Obligation per fiscal period.
Individual Report: Financial Statement per fiscal period
This report shows the financial impact of ROU and Obligation for entire lease term, including p&l impact and cash vs p&l. The last row of this report must always finish at 0 on the last month of the lease.
Financial Report: Reconciliation of ROU & Obligations
This is a consolidated report of files which shows a reconciliation of ROU & Obligations, on a financial year basis.
Financial Report: Journal Entries, per lease
Our journal entries car be interfaced in almost any format (xml, excel, txt, web service)
Validation Report: Review of different file statuses
Part of Infosite Solution (real estate) and Infosite Contract management we offer several validations and tests to ensure that IFRS-16 / ASC-842 calculations are in line with contract information and rent tables. This report allows you to quickly spot invalid or problematic files.
This report is not available when using only our IFRS-16 / ASC-842 module.