Managing the IFRS 16 accounting principle in an homogeneous way
In order to manage the application of the new accounting principle IFRS 16, our client was looking for a solution ensuring reporting compliance and, at the same time, improving the quality of financial reporting.
Our client decided to implement an end-to-end solution based on the personalized platform Oracle FCCS IFRS 16. This allowed users of each division to manage accounting records independently.
KEY BENEFITS
- representing leasing transactions in a relevant manner including data collection, calculations, reporting and disclosures;
- providing users of financial statements with a basis to assess the value of treasury flows produced by leasing contacts;
- creating a lease data repository storing all relevant lease information and being accessible to the all organization.
ABOUT THE CLIENT
Our client is an Aerospace, Defence and Security industry key player. Headquartered in Italy, our client operates across the globe.
