On January 1, IFRS 16 became mandatory.
What is IFRS 16? IFRS 16 is a new accounting standard for rental and leasing agreements. According to this new standard, larger rental and leasing costs should be handled as a fictional investment. This requires comprehensive and complicated calculations of assets, debts, depreciation, installments and interests.
Our solution helps you with all the IFRS 16 calculations you need to do.
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