AARO Lease IFRS 16

The AARO Lease IFRS 16 application provides an end-to-end solution for managing, defining, and monitoring the immediate and future implications of IFRS 16 on your financial statements.

Simplified IFRS 16 compliance with precision

Achieving compliance with IFRS 16 is streamlined through AARO’s intuitive interface, where recording leases — either manually or via bulk contract imports — is made effortless. Our system automates all necessary calculations for the balance sheet and income statement, ensuring accuracy and compliance with Financial Reporting Software standards. Once leases are recorded, the immediate impact on financial statements is visible, allowing for prompt and informed financial analysis.

For leases that undergo changes, updates are easily applied within the system. Our Financial Consolidation Software ensures that recalculations are instantly aligned with IFRS 16 requirements, facilitating a continuous and error-free financial analysis process.

AARO Lease
AARO Lease IFRS 16

Integrated with AARO CPM or as a standalone solution

AARO Lease IFRS 16 is seamlessly integrated with the AARO CPM. When integrated with AARO, all impacts on assets, liabilities, and income statements are automatically logged within the balance sheet and income statement, properly classified by accounting categories.

For organizations not utilizing the full AARO suite, AARO Lease IFRS 16 also operates effectively as a standalone module, offering the same level of precision and compliance in lease accounting to all users, regardless of their current financial systems.

Key benefits of AARO Lease IFRS 16:

  • Effortless monitoring of IFRS 16 effects.
  • Automated calculations for taxes, interest, and more.
  • Comprehensive lease tracking, including start and end dates.
  • Easy separation of contracts with different currencies.
  • Periodic contract saving for complete change and calculation traceability.
  • In-depth report analysis made simple with the drilldown feature.
  • Flexible usage options: can be used independently or seamlessly integrated with AARO.

The best features of AARO Lease IFRS 16 according to our customers

The most appreciated applications in AARO Lease IFRS 16 amongst our users are:

  • Handling of changes to different types of contracts.
  • Currency adjustment for contracts in a currency other than the functional currency.
  • Operational follow-up, e.g. ability to follow up contracts in business areas.
  • The ability to analyse changes not only in balance sheet asset accounts, but also on the liability side.
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Do you want to know more about how AARO works in practice? Or are you interested in letting us review how you could improve your current reporting process? Welcome with your request.