Our Resource Centre is a hub for all things leasing.

Shoe Zone to Implement Innervision’s Core Lease Accounting System for IFRS 16 Compliance

Posted by Ryan Hendrie on 15/10/18 11:00

 

London, United Kingdom — 15th October 2018 — 11 am (BST) — In a major step towards IFRS 16 compliance, Shoe Zone Retail Ltd a leading UK footwear retailer has reached an agreement with Innervision Management Limited a leader in global enterprise lease accounting software, to transition to the new accounting standard using Innervision’s LOIS Lease Accounting (“LLA”) solution.

Akumin Corp. Move Their Lease Accounting to IFRS 16 Using Technology Solution from Innervision

Posted by Ryan Hendrie on 11/10/18 14:30

 



London, United Kingdom & Toronto, Canada — 11th October 2018 — 2.30 pm (BST) —
Innervision Management Limited of the UK has entered into a three-year agreement to make available its LOIS Lease Accounting solution “LLA” to Akumin Corp., a diagnostic imaging service business operating in several states in the United States and a subsidiary of Akumin Inc., a company listed on the Toronto Stock Exchange (TSX: AKU and AKU.U).

London Security plc to Achieve IFRS 16 Compliance with Innervision’s LOIS Lease Accounting Solution

Posted by Ryan Hendrie on 04/10/18 15:45

London, United Kingdom — 4th October 2018 — 3:45 pm (BST) — In a statement detailing a new agreement, Innervision Management Limited confirmed that London Security plc, a leader in Europe’s fire security industry is to utilise its purpose-built lease accounting solution - LOIS Lease Accounting (“LLA”) as it undertakes its transition to IFRS 16 compliance.

Applying IFRS 16 – Understanding the Termination and Extension Options

Posted by Ryan Hendrie on 28/09/18 09:58

 

Issued by the IASB, IFRS 16, published in 2016, replaces its counter-regulation IAS 17 and will apply for all and any annual accounting periods from January 1st, 2019.

Innervision Launches New Reusable Initiative to Help Turn the Tide on Plastic Waste

Posted by Ryan Hendrie on 24/09/18 16:44

London, United Kingdom, September 24th, 2018Innervision staff and its selected customers are benefitting from the company’s contribution to Recycling Week.

Allport Cargo Services Tackles IFRS 16 with LOIS Lease Accounting by Innervision

Posted by Ryan Hendrie on 18/09/18 11:30

London, United Kingdom — 18th September 2018  — 11:30 am (GMT) Innervision Management Ltd (“Innervision”), has been able to confirm that Allport Cargo Services Ltd (“ACS”), is to utilise Innervision’s purpose-built software solution, LOIS Lease Accounting (“LLA”), to support its transition to and compliance with, the recently adopted accounting standard IFRS 16.

Applying IFRS 16 – What are the Practical Expedients Under the New Standard?

Posted by Ryan Hendrie on 04/09/18 14:19

For annual accounting periods from January 1st, 2019 IFRS 16 replaces IAS 17 and its associated interpretations. This new standard, just like IAS 17 before it deals with the accounting treatment of leases, but it is fair to say in a more prescriptive manner than just setting out guidelines to be interpreted.

Applying IFRS 16 – Areas Of The New Standard Requiring Significant Judgement

Posted by Ryan Hendrie on 23/08/18 11:59

 

It may be a slight exaggeration but generally, all businesses whether in the private or public sectors use leasing as a means to acquire the use of assets and/or property in their operations. And with this in mind, the IASB and FASB have been attempting to draft, design and develop a standard for recognising the asset and any associated financial liabilities now or in the future. In 2016 the standard in the form of IFRS 16 was issued by IASB and as FAS 13 (update ASC842) by FASB.

Applying IFRS 16 - Separating Lease and Non-Lease Components

Posted by Ryan Hendrie on 21/08/18 11:45

 

Wouldn’t it be great if all elements or components within a lease agreement related to the lease and would, therefore, fall under IFRS 16? However, contracts often combine different obligations from suppliers which result in different lease components and separate non-lease components.

Leasing Basics – The Different Types of Lease Agreements

Posted by Ryan Hendrie on 16/08/18 11:42

 

Whether you are an individual or a business and whether your acquisition is for personal or business use there are various ways of financing that asset. Which you choose will depend on a combination of experience, preference, requirement, estimated usage, availability and financial options and restrictions.