Ind AS 116 – Leases Model

Certainly! Below is a comprehensive, market-ready description for a finance service product focused on the Ind AS 116 – Leases Model. This copy is designed for listing on an online finance platform, highlights robust features, and includes urgency triggers to prompt immediate user action. The length is concise for online readability but thorough in addressing the product’s value.

Ind AS 116 – Leases Model: Transform Your Lease Accounting with Confidence

Overview

Are you ready for the future of lease accounting? With regulatory landscapes evolving rapidly, Ind AS 116 – Leases has become a critical compliance requirement for Indian corporates and multinational subsidiaries. Our Ind AS 116 – Leases Model service is a state-of-the-art, end-to-end solution designed to ensure your organization’s seamless compliance, optimized reporting, and strategic financial management.

**Don’t risk non-compliance or inaccurate financials—act now to secure your competitive edge and regulatory peace of mind!**

What is Ind AS 116 – Leases?

Ind AS 116, effective from April 1, 2019, revolutionizes the accounting of leases. It requires lessees to recognize almost all leases on the balance sheet, fundamentally altering how companies report assets, liabilities, and expenses. The complexity of lease contracts, variable payments, and transition options demands a robust, dynamic, and reliable solution.

Product Features

1. **Comprehensive Lease Portfolio Management**
– Centralized repository for all lease contracts—real estate, equipment, vehicles, and more.
– Automated data extraction and classification (finance vs. operating leases).
– Bulk upload and integration with existing ERP systems.

2. **Automated Calculation Engine**
– Precise computation of Right-of-Use (ROU) assets and lease liabilities.
– Handles variable lease payments, modifications, and reassessments.
– Supports multiple discount rates, including incremental borrowing rate and implicit rate.

3. **Transition Support & Scenario Analysis**
– Fully supports all transition approaches (full retrospective, modified retrospective).
– Scenario modeling for transition impact—understand effects before implementation.
– Side-by-side reporting for old and new standards.

4. **Advanced Reporting & Disclosure**
– Real-time generation of Ind AS 116-compliant financial statements and disclosures.
– Customizable reports for management, auditors, and regulators.
– Audit trail and version control for every calculation and contract change.

5. **User-Friendly Dashboard & Alerts**
– Int