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Webinar: Sale and leaseback
in Hamilton engine by Cognitus
IFRS 16 - Leases
IFRS 16 makes significant changes to sale and leaseback accounting. A sale and leaseback transaction is one where an entity (the seller-lessee) transfers an asset to another entity (the buyer-lessor) for consideration and leases that asset back from the buyer-lessor.
In order the transfer is qualified as a sale, it has to follow IFRS 15, the 5-step model, otherwise it is just a financing transaction under IFRS 9.
A sale and leaseback transaction is a popular way for entities to secure long-term financing from substantial property, plant and equipment assets such as land and buildings.
This new standard is complex, and we help our clients implement this use case with ease, let's see how it works in Hamilton engine, lease accounting solution by Cognitus.
Check out simulation of IFRS 16 : Embedded Lease in Hamilton Engine HERE
Check out simulation of IFRS 16: Consumer Price Index (CPI) in Hamilton Engine HERE
Check out simulation of IFRS 16: Bargain Purchase Option in Hamilton Engine HERE
For more information, contact us: sales@cognitusconsulting.com
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