Hofmann / Lim / Mabborang Lease Accounting with SAP: IFRS 16 and ASC 842

SAP RE-FX and SAP Lease Administration by Nakisa
1. Auflage 2018
ISBN: 978-1-4932-1689-5
Verlag: Rheinwerk Verlag

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Beschreibung

Are you ready for IFRS 16 and ASC 842? Jump-start your leasing project with this guide to SAP Lease Administration by Nakisa and SAP Flexible Real Estate Management. Run compliance readiness checks and configure your leasing system using best practices for your industry. Then perform transition accounting and manage your leases the right way. Whether you’re implementing SLAN or RE-FX, the clock is ticking!


Highlights include:

SAP Lease Administration by Nakisa (SLAN)
SAP Flexible Real Estate Management (RE-FX)
Operating leases
Finance leases
IFRS 16
ASC 842
Configuration
Integration
Implementation best practices
Case studies

Autoren

Autoren

Teunissen, Louis

Mabborang, Joy

Hofmann, Hanno

Lim, Pamela

Über den Autor

Teunissen, Louis
Louis Teunissen is an architect and principal consultant for SAP Revenue Accounting and Reporting in Walldorf and Singapore. As an IFRS 15 and IFRS 16 course trainer, he delivers training on a global level on behalf of SAP Education.

Mabborang, Joy
Joy Mabborang has a bachelor’s degree in accounting and is a certified public accountant. She changed careers and moved into IT solutions as a business systems analyst at Lexmark International Inc.; she has now focused on project implementation using SAP software for more than seven years. Joy lives in Germany and works as an IFRS consultant for Walldorf Consulting AG.

Hofmann, Hanno
Hanno Hofmann has more than 20 years of SAP project experience from various industries, such as high-tech, telecom, financials, automotive, and aerospace. His focus for many years was on lease accounting with RE-FX. Having moved into the IFRS topic in early 2015, he is now a trusted advisor for multiple IFRS 15 and IFRS 16 SAP projects around the world. He is a board member and co-founder at Walldorf Consulting AG.

Lim, Pamela
Pamela Lim is a certified SAP consultant, whose interests include identifying unique business challenges and working in dynamic environments. She has a bachelor of commerce degree from the University of Melbourne and is currently engaged in multiple IFRS SAP projects.

Inhaltsverzeichnis

... Foreword ... 15

... Preface ... 17

... Introduction ... 19

... The Shift: Regulatory Changes at a Glance ... 19

... The Impact: Changes to Financial Processes ... 30

... The Solution: Leasing Systems from SAP ... 36

... Summary ... 39

1 ... Lease Accounting Basics ... 41

1.1 ... Building Blocks of a Lease ... 41

1.2 ... Lessee Accounting ... 45

1.3 ... Lessor Accounting ... 62

1.4 ... Summary ... 73

2 ... Evaluating Compliance Readiness ... 75

2.1 ... Leasing Requirements ... 75

2.2 ... Master Data ... 78

2.3 ... Business Processes ... 90

2.4 ... System Changes ... 96

2.5 ... Summary ... 108

3 ... Managing Your Leasing Project ... 109

3.1 ... Defining the Scope ... 109

3.2 ... Establishing Timelines and Deliverables ... 112

3.3 ... Choosing Your Team ... 130

3.4 ... Setting Your Budget ... 134

3.5 ... Kicking Off Your Project ... 142

3.6 ... Summary ... 145

4 ... Implementing SAP Lease Administration by Nakisa ... 147

4.1 ... Before You Begin ... 147

4.2 ... Settings Tab ... 157

4.3 ... Master Data Configuration ... 167

4.4 ... Data Management ... 203

4.5 ... Build Management ... 208

4.6 ... Schedule Jobs and Thresholds ... 211

4.7 ... Field Management ... 213

4.8 ... Caption Editor ... 214

4.9 ... Logs and RFC Traces ... 215

4.10 ... Summary ... 218

5 ... Configuring SAP Flexible Real Estate Management for Lease Valuations ... 219

5.1 ... Basic Settings for Balance Sheet Valuation ... 222

5.2 ... Balance Sheet Valuation of Contracts ... 226

5.3 ... Account Determination ... 240

5.4 ... Special Topics ... 262

5.5 ... Summary ... 266

6 ... Transition Accounting ... 267

6.1 ... Practical Expedients ... 268

6.2 ... Choosing a Transition Approach ... 274

6.3 ... Adopting the Modified Retrospective Approach ... 276

6.4 ... Summary ... 280

7 ... Managing Leases with SAP Lease Administration by Nakisa ... 281

7.1 ... Master Lease Agreement ... 282

7.2 ... Contracts and Lease Components ... 288

7.3 ... Activation Groups and Units ... 308

7.4 ... Lease Event Management ... 325

7.5 ... Summary ... 331

8 ... Managing Leases with SAP Flexible Real Estate Management ... 333

8.1 ... Lease Valuation Data ... 337

8.2 ... Valuation Rules and Calculations ... 346

8.3 ... Valuation Postings ... 357

8.4 ... Lease Modifications and Updates ... 365

8.5 ... Reporting and Disclosure Statements ... 366

8.6 ... Summary ... 372

9 ... Disclosures, Reporting, and Analytics ... 373

9.1 ... Standard Required Disclosures ... 373

9.2 ... Reporting and Analytics with SAP RE-FX ... 377

9.3 ... Reporting and Analytics with SAP Lease Administration by Nakisa ... 385

9.4 ... Summary ... 393

10 ... Key Industry Considerations ... 395

10.1 ... Healthcare ... 395

10.2 ... High-Tech ... 399

10.3 ... Air and Defense ... 401

10.4 ... Summary ... 404

... Conclusion ... 405

... Chapter 1 ... 405

... Chapter 2 ... 406

... Chapter 3 ... 407

... Chapter 4 and Chapter 5 ... 408

... Chapter 6 ... 408

... Chapter 7 ... 409

... Chapter 8 ... 409

... Chapter 9 ... 410

... Chapter 10 ... 411

... Additional Resources ... 411

... Appendices ... 413

A ... IFRS 16 and ASC 842 FAQs ... 413

B ... The Authors ... 423

... Index ... 427

Fachgebiete