dLease - IFRS 16 Solution
When applying IFRS 16 – Leases, companies often have to make significant adjustments to their accounting systems and processes related to the accounting of leased assets, whether it is a car fleet, offices or warehouses. And because the standard places high demands on lessees, especially when it comes to working with data and performing calculations, we at Deloitte decided to make reporting under IFRS 16 much easier – and we created the smart dLease solution.
This comprehensive and market proven tool calculates the impact of lease agreements for you!
About the product
Deloitte in the Czech Republic has developed a tool that allows companies to calculate lease agreements impacts in accordance with IFRS 16 requirements while keeping their processes clear and seamless within a single platform.
Deloitte dLease tool offers all the key features for reporting leases in accordance with IFRS 16 and a number of other competitive advantages that make it a truly comprehensive assistant. It is developed at Deloitte Czech Republic and is therefore fully localized in Czech and English with subsequent user support in both languages.
Key dLease features
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Efficient user management
Enables efficient management of users with differently defined roles and the ability to create multiple entities within the same environment.
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A bulk import function from Excel template
Contains a bulk import function from an Excel template directly into dLease.
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Calculations in accordance with IFRS 16
dLease calculates the majority of contract variants within the scope of IFRS 16, including, for example, various payment frequencies or rent-free periods, options to extend, terminate or purchase, contracts dependent on rate or index, contracts in different currencies, etc.
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Lease modifications
dLease allows contracts to be modified or reassessed 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 reassessment.
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Working environment
It offers an intuitive, simple and user-friendly working environment.
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Reporting
dLease provides standardised reports with all relevant data for accounting and reporting under IFRS. Reports can be generated on a contract-by-contract basis, enabling detailed verification during audit.
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Planning and simulation tool
It also serves as a planning and simulation tool that allows you to calculate impacts on financial statements or financial indicators such as debt, return on assets, etc.
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Language localization
Technical and user support provided in both Czech and English.
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 the contract falls within the scope of IFRS 16
- Verification of lease contract data
- Support in determining the discount rate
- Revision of IFRS 16 accounting policies and impacts on financial statements
- Analysis of the necessary adjustments to processes and the internal control system
- IFRS 16 trainings and workshops
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