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Managing IFRS Leased Assets within JD Edwards

  • Managing IFRS Leased Assets within JD Edwards
    Changes to the IFRS 16 Lessee Accounting standards impact all companies leasing property and non-property assets. The good news for JD Edwards users, is that it can be managed within JD Edwards using existing functionality. Want to know how? Download this white paper and see how it works.

Changes to the IFRS 16 Lessee Accounting standards impact all companies leasing property and non-property assets. The good news for JD Edwards users, is that it can be managed within JD Edwards using existing functionality. Want to know how? Download this white paper and see how it works.

IFRS16 and Changes to Global Accounting Standards

IFRS16 changes to global accounting standards, for the management of asset leases are coming into effect soon. These changes are the result of several years of deliberation and consultation by the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB). The IASB and FASB agreed that omitting information about long term (>12 month) leasing arrangements from company balance sheets fails to give analysts and investors a true picture of the financial position of a company.

Managing IFRS 16 Obligations in JD Edwards

Licensed users of the JD Edwards EnterpriseOne Financial module can manage their obligations under the new standards without the need for licensing of any other modules.

To accommodate these accounting standards, JD Edwards uses new enhanced Lessee Accounting functionality which is integrated into existing JD Edwards modules. This includes using the G/L, A/P and A/R features available in Financial Management systems.

Do you want to know the key features or see the process you must take? Download this white paper and discover how you can deal with the new Global Accounting Standards.

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Ndevr

Partner: Ndevr

Ndevr employs the largest team of Oracle JD Edwards specialists in Australia, while also delivering Oracle Cloud solution consulting services. For over 20 years our people have been recognized by our customers, and by Oracle, for their JDE expertise - extracting maximum value, performance, and functionality for our customers, from all versions of JDE.

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