dLease - IFRS 16 Solution
Effective as of 1 January 2019, the International Accounting Standard IFRS 16 has significantly altered the way companies account for leases and other leasing contracts requiring modification of related accounting systems and processes.
Deloitte’s comprehensive and market-established dLeasetool can help you calculate the impact of leasing contracts!
About the product
Deloitte Czech Republic has developed a tool that enables companies to calculate the reporting impacts in exact agreement with IFRS 16 while keeping lease accounting processes transparent and straightforward within a single platform.
The Deloitte dLease tool offers all the key features for IFRS 16 lease recognition and several other competitive advantages making it a truly comprehensive tool. Developed by Deloitte Czech Republic, the tool is fully localised in both Czech and English, with subsequent user support in both languages.
Download the brochure in PDF
8 Basic dLease Functions
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Effiecient management of users
dLease enables efficient management of users with different defined roles and the possibility to create multiple entities within a single environment.
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A bulk import function from Excel template
dLease includes a bulk import function from an Excel template directly into the tool.
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Calculation of contracts within the scope of IFRS 16
dLease can calculate the majority of contract variations within the scope of IFRS 16, including, for example, various payment frequencies or rent-free periods, extension, termination, or purchase options, contracts dependent on rate or index movements, contracts in different currencies, etc.
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Adjustments with IFRS 16 rules
Contracts may be further modified or renegotiated in dLease in compliance with IFRS 16 by selecting an appropriate scenario. The dLease tool directs users to enter only relevant data required for each modification or restatement.
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Working environment
dLease offers an intuitive, simple, and user-friendly working environment.
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Standardised overviews
dLease provides standardised overviews with all relevant data for accounting and reporting under IFRS. The report can be generated on a contract-by-contract basis, facilitating its verification during an audit.
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Planning and simulation tool
dLease also serves as a planning and simulation tool to calculate the impact on financial statements or financial ratios such as debt, return on assets, etc.
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Support of all three methods
dLease supports all three transition methods proposed by IFRS 16.
dLease is just the first step – we can also help you with other areas, namely with:
- Support in identifying and classifying contracts, i.e. whether a contract falls within the scope of IFRS 16
- Verification of contract details in a contract
- database registry
- Verification of lease contract data
- Support in determining the discount rate
- Reviewing accounting directives and the impact of
- IFRS 16 on the financial statements
- Analysis of necessary adjustments to processes
- and internal control system
- Staff training on IFRS 16
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