LS2 is sophisticated lease management and accounting software, which has IFRS 16 at the heart of its core capability. The system can help organisations with adoption of IFRS 16 by providing lease portfolio management, accounting compliance and a broad range of functionality and reports to fully address transition and ongoing reporting.
The technology provides a cost and time efficient web-based central database for all contracts that contain a lease and other associated contracts. It makes all the required calculations to efficiently manage the adoption of IFRS 16 and provides the ability to track judgements and elections taken, reflecting these in the disclosure outputs.
LS2 – Available directly from LeaseSolution