The introduction of IFRS 16/PSAK 73 'Leases' represents a fundamental change to lease accounting. Understanding the financial impact of the new standard on your business can be a complex process, requiring detailed calculations and modelling - especially for companies with a large number of leases.
Recognising this need, PwC has developed an IFRS 16/PSAK 73 Lease Accounting Tool to support lessees who want an accurate, reliable and cost effective accounting solution. The tool offers a 'Day 1' impact assessment plus ongoing journal entries and outputs for business as usual financial reporting under the new standard.
Watch the video to learn more:
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Why is an IFRS 16/PSAK 73 calculation tool required?
40+ data points are required to manage each lease and undertake IFRS 16/PSAK 73 calculations.
Complex calculations are necessary where leases contain fluctuating periodic rentals, ongoing change in extension/termination options, different currencies, etc.
Managing lease data and their calculations, and tracking post-transition lease modifications becomes complex where more than 25 leases are held.
Basic spreadsheet models created for individual leases present a greater risk of input error, and require significantly more manual time and effort to aggregate balances, report consistently and perform audits or verifications.
Our IFRS 16/PSAK 73 Lease Accounting Tool provides an accurate, reliable and cost effective solution
Excel based, macro driven tool
Covers all three IFRS 16/PSAK 73 transition approaches
No requirement for storage space or annual subscription fees
Provides an all in one solution: acts as a lease register and a financial impact calculator
Produces IFRS 16/PSAK 73 journals
Customisable to your requirements
Capability to analyse and review IFRS 16/PSAK 73 data
Multiple entity and multiple currency enabled
