validated

ZenTreasury Leasing (IFRS 16) calculations have been validated by an international audit firm

Espoo, Finland, September 7, 2018 – We're proud to announce that our Leasing (IFRS 16) calculations have been validated by an international audit firm. The following items where confirmed to be in accordance with IFRS 16:

  • valuation of the asset and liability at initial recognition and the yearly bookings are calculated correctly,

  • different size additional payments at the beginning and the end of the leasing period,

  • different payment intervals (monthly and quarterly payments),

  • prolonging of the original term,

  • increase or decrease in scope,

  • shortening of the term,

  • termination of the lease before the original termination date,

  • presentation of short term and long term liability at the end of the period,

  • contracts in other currency (change in exchange rate),

  • interest calculation when payments are paid quarterly,

  • depreciations.

About ZenTreasury Leasing (IFRS 16) module

The most powerful lease accounting software with all the treasury management system features built-in. Manage all your leases in one place, in one simple register. With ZenTreasury you can manage your lease portfolio with ease and, at the same time create all the needed accounting entries that IFRS 16 requires.

For further information, please contact: [email protected]