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CCH Tagetik Lease Accounting Solution IFRS 16


 

 

CCH Tagetik Lease Accounting solution for IFRS 16 & ASC 842 helps you transition to the new leasing regulations and get compliant quickly. CCH Tagetik Lease Accounting provides an automated solution that allows you to easily manage the large volumes of leasing data by providing data collection, calculations, reporting and disclosures according to the new regulation.


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APP DEVELOPED BY

Benefits


Complete Solution

Full end to end solution. Integrated with source systems, to reuse data form different sources instead of creating duplications.

Easy to Implement

The solution has a modular architecture that can cover the process from end-to-end or, alternatively, individual parts of the process.

Automated

Automated disclosure calculations, uploading to other source systems, posting adjustments back to G/L and sub-ledger.

APP CAPABILITIES INCLUDE

Pre-configured Workflow
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Users get preconfigured phases that support the overall process.

Pre-configured Data Model
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The data model is complaint with main requirements of the IFRSs and is ready to be customized. Out-of-the-box, it includes dimensions like contract, performance obligations, sales channel and vendor.

Modelling Tools
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A suite of modelling tools enables users to extend and mange a library of contract models that are easily applied to the contract dataset.

  • Asset Plan shows calculations at lease contract level

  • Multiple payment rules for rent, initial cost, dismantling costs

  • Contract Option can be stored in various options

OTHER INFORMATION

Languages: English

Targeted Job Function: Finance, Accounting

Industry: Financial Services

ABOUT CCH Tagetik

CCH Tagetik understand the complex challenges that face the Office of the CFO and translate that knowledge into intuitive, enterprise-scale performance management software solutions that drive business results. With CCH® Tagetik software, you get the simplicity of the Cloud and the power to unify financial and operational planning; shorten the consolidation and close process; immediately analyze results, model and compare full financial statement impact of business scenarios; adjust strategic plans; seamlessly update rolling forecasts; produce formatted and auditable financial statements and management reports; collaborate on business reviews, and automate disclosure and board reporting.

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