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Phillip Dawson

Phillip Dawson

Joined: 4/28/2017

  • IFRS16 - Leased Assets

    Fri, 06 Oct 2017 11:31:11 GMT – Dynamics 365 Finance – Completed 

    A new international accounting standard for leased assets (IFRS16) has requirements to capitalise all leases regardless of whether they are financial or operating leases.

    Microsoft have advised via the IFRS support document (https://mbs.microsoft.com/Files/public/CS/AX/MicrosoftDynamics365forOperationsSupportforIFRS.pdf) that any calculation of the asset values and the repayment split should be done outside of Dynamics 365.  Many clients are asking for this functionality to be included within Dynamics 365, specifically;

    • Automatic calculation of the right of use value based on the NPV of lease payments
    • Periodic calculation of interest and liability reduction calculation
    • Periodic calculation of current and non-current liability values.

     

     

     Are there any plans for this from Microsoft?

    Regards

    Phil