2537165 - IFRS 16 Leasing in SAP Business ByDesign

SAP Knowledge Base Article - Public

2537165 - IFRS 16 Leasing in SAP Business ByDesign

Symptom

IFRS 16 provides guidance on accounting for leases.
The standard becomes effective for fiscal years beginning on 1st January 2019 or during calendar year 2019.

The SAP Business ByDesign Development team are currently working on an adoption plan of the IFRS 16 principles, analyzing the implications for leasing providers (lessors) on the one hand and lessees on the other hand, into SAP Business ByDesign.

Early application of the IFRS 16 Leasing principle is permitted, which can, however, only be achieved through individual identification of a suitable solution and its respective implementation into SAP Business ByDesign.  

See Also

For Information on the IFRS 15 implementation please see:

2535927 - IFRS 15 /ASC606 Revenue from contracts with customers in SAP Business ByDesign

Keywords

KBA , do you want to enable revenue accounting , revenue accounting contracts , AP-CR-CR , Customer Requirement , How To

Product

SAP BUSINESS BYDESIGN 1708 ; SAP Business ByDesign 1711