Companies may consider maintaining the status quo, such as using typical spreadsheet accounting. Unfortunately, this solution is likely to be a painful one if your organisation has a large volume of leases (jn excess of 100) and lease complexity exists. Accounting firms do provide bolt-on or standalone solutions that can align internal systems.
IFRS 16 is here. And there’s some good news for SAP customers As you're no doubt aware, IFRS 16 Leases – and its Australian equivalent, AASB 16 - is here and comes into effect on 1 January 2019. Some companies are on top of it. - others are aware but unsure of their obligations.