Lease Accounting to comply IFRS 16
I am keen to understand the functionalities available in Lease Accounting. We have looked at it couple of years ago where we felt it was not fitting to our requirement. I believe it has come a long way in the last couple of years, and I'd like to know the feature summary especially ;
- Does it have an integration to AP (Create AP Invoices) for Leases that are due monthly?
- IFRS 16 Compliance in terms of calculating NPV, Rights of usage etc. ?
- Generate amortisation schedules? Accounting entries?
- Reporting capabilities