{"id":37130,"date":"2022-03-13T21:36:26","date_gmt":"2022-03-14T01:36:26","guid":{"rendered":"https:\/\/www.mrisoftware.com\/sg\/?p=37130"},"modified":"2022-07-20T06:49:25","modified_gmt":"2022-07-20T10:49:25","slug":"finding-the-right-lease-accounting-solution","status":"publish","type":"post","link":"https:\/\/www.mrisoftware.com\/sg\/blog\/finding-the-right-lease-accounting-solution\/","title":{"rendered":"Finding the right lease accounting solution for the transition"},"content":{"rendered":"

Welcome back to our series of IFRS 16 \u2018101\u2019 blogs, aimed at guiding you through the preparation required to successfully transition to a IFRS 16 lease accounting solution in time for 1st April 2022.\u202f<\/span>\u00a0<\/span>\u202f<\/span>\u00a0<\/span><\/p>\n

Now that you have\u00a0<\/span>collated all your lease data and put it into a suitable format<\/span><\/a>\u00a0you now need to procure an appropriate system. To do this, there are a few key elements that need to be considered and that is what we are going to be focusing on here in the second blog post.<\/span><\/p>\n

\"lease<\/span><\/h2>\n

Understanding your complexities and requirements<\/h2>\n

Here at MRI, we understand that there is a vast array of solutions in the market that can assist with the IFRS 16 transition and so deciding which vendor to go for can become quite a lengthy and challenging process. However, it is only when we start to dig deeper into the nuances of the portfolio and requirements that we can begin to understand which system will be the most suitable not only for the immediate transition on April 1<\/span>st<\/span>\u00a0but also continuing for the years to come.\u202f<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n

Some key areas to think about are:\u202f<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n