Navigating IASB
IFRS 16 Software for Compliance
Black Owl software provides comprehensive IFRS 16 lease accounting solutions for both lessees and lessors.
Lessee
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Standard
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Low Value
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Short-Term
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Non-Lease Contracts
Lessor
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Finance
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Operating
Lease Entry
User-Friendly
Black Owl's lease entry is designed to be user-friendly, with a simple interface and intuitive navigation, making it easy to input and manage lease data in minutes.
Lease Change
Lease Modifications and Reassessments
Effortlessly make lease modifications and reassessments into a streamlined process, enhancing efficiency, reducing errors, and improving overall lease management.
Retroactive Adjustments
Manage lease changes with ease for both current and retroactive periods maintaining strong audit trails.
Reporting
Disclosure Reports
Black Owl's system provides complete disclosure reports that meet accounting standards and comply with lease disclosure requirements.
Customizable Lease Hub
Create and save ad-hoc reports based on unique fields. Create reports of upcoming and past critical dates. Easy to copy and paste into Excel.
Multi-Currency Functionality
Foreign Exchange (FX)
Daily foreign exchange rates are automatically imported from any selected financial institution, facilitating automatic currency conversions for functional and reporting purposes.
This functionality further includes the calculation of month-end journal entries and the Cumulative Translation Adjustments (CTA).
IFRS 16
IFRS 16 Lease Accounting Software Features
Variable Costs
Variable cost lease agreements can be tracked and units consumed updated in our easy to use month-end close step.
Sublease
Easily create and track sublease agreements, including multiple levels of subleases.
Mass UpLoads
Mass load template with built-in validations for master data and lease information.
Data security
Black Owl's system provides world-class enterprise security measures to ensure that lease accounting data is protected.
IFRS 16 Software
Lease Accounting Software for IFRS 16 Compliance
We recognize the challenges businesses face in adhering to the new lease accounting standard, IFRS 16, especially for global companies. However, compliance doesn’t have to be overwhelming with our lease accounting software. Whether you are a small company with a limited number of leases or a large organization with a vast lease portfolio, our software provides a seamless and user-friendly interface to ensure your lease accounting remains well-managed.
Black Owl Systems is proud to offer top-tier IFRS 16 lease accounting software. Our solutions simplify compliance and empower businesses to confidently manage their lease portfolio in line with the new rules.
Our lease accounting software is a powerful tool designed to streamline your lease accounting processes. The software ensures accuracy and consistency in managing your lease agreements, allowing you to calculate lease liability accurately and prepare your balance sheet efficiently.
Whether you are managing operating leases, finance leases, or short-term leases, our software will help you stay in control and ensure compliance with IFRS 16.
Excellence in Lease Accounting
Reach out to us for a personalized approach to simplifying your lease accounting journey.
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Discover How We Can Meet Your Lease Accounting Needs.
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Explore our Solution
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FAQ
Frequently Asked Questions
It is a comprehensive solution that helps businesses manage lease accounting, lease liability, lease data, and financial reporting requirements under the IFRS 16 lease accounting standard.
With our software, implementation becomes straightforward. Our team of experts will guide you through the process, ensuring that your business meets all the requirements of the new standard.
Our lease accounting software at Black Owl Systems ensures your business can smoothly navigate lease accounting complexities. From lease management to operating lease calculations, it helps you tackle all aspects of IFRS 16 compliance.
Our IFRS 16 lease accounting software is cloud-based, ensuring accessibility and data security. Your lease data is available whenever you need it, from wherever you are. Our software is compliant with regulations and provides reliable data for auditors.
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