IFR16 Support and Integration

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Author Symfact
Categories News

IFRS 16 is an International Financial Reporting Standard (IFRS) from the International Accounting Standards Board (IASB) and becomes effective in 2019 as the leasing reporting standard. It replaces the earlier leasing standard IAS 17. Symfact has developed a specific platform extension for its support. An initial customer, Galenicare is now able to report all lease options (cash flows / renewals / terminations) for calculation (financial accounting / operations accounting).
Symfact’s enterprise software thus comprehensively manages all Galenicare lease agreements with pharmacies.

 


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