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SAP RE-FX-LA Lease Accounting pursuant to IFRS16

Current challenges

  1. According to IFRS16, rental contracts must be capitalized at their net present value and depreciated over the respective term. Integration into a contract management system is required.
  2. Ambiguity regarding the modeling of the leasing standard pursuant to IFRS16 in SAP, fully integrated in an existing SAP Finance system

The solution

  • Preliminary procedural briefing
  • Analysis workshop on the RE-FX real estate solution for contract management, on integration with SAP FI and CO (customers/vendors, asset accounting), and on the use of the “Contract Object” account assignment object for non-real estate contracts
  • Documented results with recommended actions and implementation effort
  • Prototype implementation in a customer test system

The benefits

  • Transparency regarding payment flows and their valuation
  • Recommendations on how to proceed
  • Optimization of planning processes
  • Solution within the standard SAP module, with full integration that includes drill-downs to documents and master data
  • Support for parallel accounting with the ledger/account methods

 With our prototypical implementation of lease accounting pursuant to IFRS16, we're bring transparency to these complex legal requirements and highlighting potential solutions.

– Dirk Gummel, Senior Manager, SAP Financials

Implementation time

Approx. 4-6 weeks

Price

Starts at €15,000

Get your consulting package at an attractive price now.

Your expert

A profile of Scheer employee Ann-Julie Wasmer

Ann-Julie Wasmer

Expert SAP