AASB/IFRS 16 Lease Standard Calculator

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.
 

AASB 16 Leases is part of the new accounting requirements and is effective for reporting periods beginning on or after 1 January 2019. For more information on the AASB/IFRS16 standards please refer here.

The new standard requires nearly all leases to recognise a right of use asset and an offsetting liability. For example instead of recognising rent expense, the cost of the lease will flow through the profit and loss as amortisation and interest. 

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.
 
The models include:
 
  • 10 lease Model Package A - Transition & ongoing Calculator models
  • 50 & 10 lease Model Package B - Transition & ongoing Calculator models

This video explains how easy it is to use the models to help you through this transition.

To purchase these models, please contact David HollandAndrew Johnson or Colin Prasad

 

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

Additional AASB 16 lease model support
 
Would you like your staff trained in how to use the AASB 16 lease transition tools more efficiently? We are now providing 1:on:1 training on how to use the lease tools via webinars with our National head of technical accounting (David Holland). The training is interactive and only for your organisation so your staff can participate and ask questions in real time. The cost is $400 + GST for a 1.5hr session. Please email David for more details and to arrange a suitable time to conduct the training. 
 
If you have specific issues or questions then lease model technical support is also available at $300/ph + GST with our National head of technical accounting (David Holland).