Manage all your leases, accounting, interest and payments using standard integrated SAP functionality

DXC Oxygen has developed an IFRS 16 solution using the Real Estate Contract in SAP Flexible Real Estate Management (RE-FX). This solution allows organisations to seamlessly manage both property and non-property leases.

How can we help?

With SAP RE-FX functionality, our solution is fully integrated with Finance, Accounts Payable, Account Receivable and Fixed Assets, ensuring a smooth transition for your business. Our experts have over 20 years’ SAP experience (predominantly in Real Estate), and an excellent grasp of the requirements working with Asia Pacific and European based clients.

They have delivered multiple IFRS 16 / AASB 16 compliance projects spanning industries including Retail, Oil, Explosives, Insurance, Telecommunications, FMCG and Services.

Learn more about our three tiers of IFRS 16 / AASB 16 solution implementation packages (AUD): Silver, Gold and Platinum.


See the diagram below to assist you in determining whether your current operational leases are Finance Leases under IFRS 16.

IFRS Infographic

Blogs

1
IFRS 16 (or AASB 16) – The Master Data Challenge

Collecting and classifying contracts is perhaps one of the biggest challenges facing organisations in their journey to become compliant with the new IFRS 16 accounting standard. Ensuring that this master data is collected, collated and recorded is paramount to a successful IFRS 16 project.

2
IFRS 16 – Determining the Discount Rate or Incremental Borrowing Rate

Determining what discount rate (or incremental borrowing rate) to use when adopting the new IFRS 16 standard is one of the most important judgments that organisational management will need to make.

3
Getting ready for IFRS 16? You may need to review your existing processes

SAP has developed an IFRS 16 solution using the Real Estate Contract in SAP Flexible Real Estate Management (RE-FX) – and it’s already proving to be revolutionary for lease reporting and IFRS 16 compliance.

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