LRM-Transition module

The Transition module of the Lease Reporting Model  (LRM) is there (almost)!!

As announced, as from early August, a working version of the transition module is available to see the impact in figures of the choices that have to be made in moving from IAS 17 to IFRS 16.

Who may benefit? Not just the leasing companies supporting customers towards IFRS 16. Customers (lessees) of leasing companies themselves may want to have all their contracts (multiple suppliers) reviewed.

 

At the moment, final tests using live situations with customers are being performed.

The results are expected in the second half of August, so that the transition module is available for others then as well.

To see a glimps of the module, in the attached Startpage LRM Transition, information is requested of a general nature, next to the details for individual contracts.

If you would need additional elements reviewing this overview, please inform via the contact form.