AASB/IFRS 16 Lease Standard Calculator

AASB 16 Leases is part of the new accounting requirements and is effective for reporting periods beginning on or after 1 January 2019.

The new standard, effective from 1 January 2019 (for many multinational companies operating in Australia, or 1 July 2019 for most Australian entities), affects essentially all Australians operating across the profit and not-for-profit sectors, requiring the capitalisation of operating leases (recognising right of use assets and the corresponding lease liability on balance sheet).

At Moore Stephens we have extensive knowledge on how to apply AASB 16 to your business and have developed a series of models to help calculate and apply the new AASB/IFRS 16 Lease standard.
 

Lease calculator models

To assist clients in applying the new AASB/IFRS16 lease standards, our team has developed two different models that are designed for the transition and ongoing treatment of leases previously classified as operating leases.

  • 10 lease Model Package A - Transition & ongoing Calculator models
  • 50 & 10 lease Model Package B - Transition & ongoing Calculator models

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The lease models are delivered as an Excel Zip file of Excel workbooks that cover the periods 2010 to 2040. If your requirements are outside these date ranges, or for technical support please email vicleasesupport@moorestephens.com.au

USGAAP and IFRS models are also available, to purchase please email technical support. 

Further questions

Do you have further questions or queries regarding the impact of AASB 16 or the lease models?  Please feel free to contact a member of our leases team to discuss further David HollandAndrew Johnson or Colin Prasad.

Leases demonstration video

Please fill out the form below for access to our leases demonstration video.