Are you looking to reduce your financial reporting burden? Get in contact with us today to see how we can help.
AASB 16 requires lessees to recognise most leases on the balance sheet as both assets and liabilities. Furthermore, as a result of changes to the measurement and recognition requirements for leases, the standard will also affect the amount and timing of expenses relating to those leases in an entity’s profit and loss account.
Lease accounting is no longer a set-and-forget proposition and requires regular reassessments and remeasurement throughout the lease term. Assessing lease renewal options, remeasurement of lease liabilities and assets, sub-leases and sale and leasebacks add further complexity.
Whether you have property, vehicles, office space or equipment, Nexia Australia can help reduce this financial reporting burden and can offer a complete solution to assist you with applying AASB 16 and managing your lease portfolio.
Our Lease Accounting Solution saves you the time, effort and worry of managing and accounting for your organisation’s leases under AASB 16.
Through our access to leading AASB 16 compliant web-based software, we can:
You can also have access to your data and generate reports at any time to help with your budgeting, forecasting and reporting needs.
Our Financial Reporting Advisory specialists can examine your contracts and provide you with technical accounting assistance on the application of AASB 16.
For more information about our Lease Accounting Solution or to get a quote, complete the form below or contact firstname.lastname@example.org and a member of our team will be in contact to assist you with taking the next step to reducing your financial reporting burden.