Webinar: IFRS 16 compliance with SAP BPC

Thursday, August 19th 2021 at 2.00 PM

This webinar will address the IFRS 16 reporting needs of users of the on premise or cloud-based versions of SAP Business Planning and Consolidation (BPC) system.

The Opal Wave IFRS 16 templates support the disclosure and calculations of your RUA valuations, lease liabilities and all associated balance sheet and profit and loss account postings.

Who is this webinar for?

Finance and IT professionals who need to provide accurate reporting on leases to comply with IFRS16.

Register for the Webinar

International Financial Reporting Standard (IFRS) 16 has made lease accounting up-to-date and transparent. Users of the on premise or cloud-based versions of the SAP Business Planning and Consolidation (BPC) system on any platform can now benefit from our IFRS 16 for SAP BPC solution. That’s why we are hosting this webinar to show you the benefits of SAP BPC Pre-configured template for IFRS 16.

Further Reading

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6 Questions About SAP BPC IFRS 16 Solution

International Financial Reporting Standard (IFRS) 16 becomes effective for accounting periods starting from 1 January 2019. This will have a dramatic effect on accounting for leases, particularly the operating type...
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IFRS 16 solution

This post describes the IFRS 16 solution for leases developed as a component of the SAP BPC with the Opal Wave BPC Cloud Go Live in a Day rapid deployment template. 

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The key differences between IFRS 16 and IAS 17

IFRS 16 relates to accounting for leases and was issued in January 2016 by The IASB (International Accounting Standards Board) and replaces IAS 17.

IAS 17 Leases (developed by the International Accounting Standards Committee) is currently being replaced by IFRS 16 Leases (developed by the International Accounting Standards Board). The scope is generally similar in that both standards include all contracts which convey a right-of-use (ROU) to an asset.

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