We are pleased to share a practical IFRS 16 template developed by our team to help you streamline your lease accounting process.
Given the initial details of one lease contract, the model provides the following results:
- 1. Complete set of double entries throughout the lease period;
- 2. Detailed movement schedules for both lease liability and right-of-use asset;
- 3. Impact on year-end financial statements, including balance sheet and profit or loss.
This model is not intended for educational purposes. It assumes the user is already familiar with the core principles of IFRS 16.