Lease Reporting Models

Leasing Applications

Tweuus supports the lease reporting of its customers with two applications. Both can be used to gain insight into the own lease portfolio and both lease reporting models are suitable for the customer in the role of lease company (= lessor) or intermediary and in the role of customer  of a lease company (= lessee).

Moreover, the models are not only suitable for the transition to IFRS 16, but can also be used well in the period after transition.

For leasing companies, there is also an additional direct output module available which can be applied by its lessees for their system-input, which contains at least the uniformly defined fields, which are used throughout Europe.

The Lease Transition Module is the ‘little brother’, suitable for calculating a limited (approx. 50) number of transactions.
The Lease Reporting Model is the ‘big brother’, suitable for large numbers and/or long durations.

Want to know more? Then contact is easy to make, or make an appointment via this link.

Lease Transition Module (‘Transition Module’)

As of mid-September 2017, the Transition module for transition to IFRS 16 is available in English. This module is suitable for calculating a limited number (approx. 50) of transactions in order to get a good idea of the effects of the transition to IFRS 16.

If you would first like to gain a general overview,  you are recommended to read the articles on Lease Transition Tips and Fieldwork Research Results. The articles are also available together at a discount.

One can easily become a customer by completing the customer entry form or by completing the entry form for a single contract; see the Transition module.

LRM – Lease Reporting Model

The LRM module is capable of recording all types of leasing transactions in one system, be it according to the International Accounting Standard IFRS 16 or under the Dutch GAAP guidelines of RJ 292.

Reason for developing the module:
Tweuus has developed the model to calculate the IFRS 16-effects on a current lease portfolio.

Quite a number of issues require attention: management choices (accounting policies) to start with, choices about transition from current IAS 17 to the new IFRS 16 guidelines, and more …

Questions raised by a lessee may include:

  • should I include service components or not
  • what is the effect of IFRS 16 on parts of my cash flow statement
  • should I start taking contracts with shorter tenors
  • what is the impact of sale and lease back on my real estate that I own now
  • what development will my ratios show (1) when not changing policies, (2) when my current portfolio runs off
  • should I continue to leae
  • and many more questions ….

The changes ahead will impact Marketing and Sales departments, too. Although Finance and IT may be in the lead, its not their party!

Want to know more? It’s easy to make contact or arrange for an appointment.