Lease Accounting with SAP: IFRS 16 and ASC 842

SAP RE-FX and SAP Lease Administration by Nakisa

Información

• Editorial: SAP PRESS
• Autores: Hanno Hofmann, Pamela Lim, Joy Mabborang, Louis Teunissen
• Año: 2018
• Edición: 1
• Páginas: 435
• Idioma: Inglés

Descripción

The countdown for lease accounting has started; 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. Then perform transition accounting and manage your leases the right way. Whether you’re implementing SLAN or RE-FX, the clock is ticking!

• Comply with IFRS 16 and ASC 842 for operating and finance leases before your deadline
• Set up and configure SAP Lease Administration by Nakisa and SAP RE-FX
• Manage lease contract data for property and equipment: classification, accruals, payments, and more

Aspectos Destacados

• 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

Aprenderás sobre

• Lease Accounting Principles:
  Get a crash course in lease accounting under IFRS 16 and ASC 842 and see how the new regulations impact your company’s balance sheet—and its bottom line.
• Configuration and Use:
  Set up SAP Lease Administration by Nakisa and SAP Flexible Real Estate Management in your software landscape. Then manage your leases based on the new regulations to avoid penalty.
• Implementation Best Practices:
  Time is running out, so learn how to get started and go live before the deadline. Set your timeline, plan your project, and allocate your resources with tips from the experts.

Tabla de Contenidos

• Foreword

• Preface

• Introduction
• The Shift: Regulatory Changes at a Glance
• IFRS 16 vs. IAS 17
• ASC 842 vs. ASC 840
• Compliance Timelines and Transitions
• The Impact: Changes to Financial Processes
• Accounting
• Disclosures and Reporting
• The Solution: Leasing Systems from SAP
• SAP Lease Administration by Nakisa
• SAP Flexible Real Estate Management
• Summary

• 1 Lease Accounting Basics
• 1.1 Building Blocks of a Lease
• 1.1.1 Identified Asset
• 1.1.2 Right of Use of an Asset
• 1.1.3 Lease Modification
• 1.2 Lessee Accounting
• 1.2.1 Lease Classification
• 1.2.2 Initial Recognition and Measurement
• 1.2.3 Reassessment and Subsequent Measurement
• 1.2.4 Capital Lease/Asset Impairment
• 1.2.5 Operating Lease
• 1.3 Lessor Accounting
• 1.3.1 Lease Classification
• 1.3.2 Lease Components versus Non-Lease Components
• 1.3.3 Revenue, Including Variable Consideration
• 1.3.4 Collectability
• 1.3.5 Initial Recognition and Measurement at Contract Lease Start Date
• 1.3.6 Recognition and Measurement Re-Assessment/Modification of the Lease
• 1.3.7 Impairment
• 1.3.8 Sales-Type and Direct Financing Leases
• 1.4 Summary

• 2 Evaluating Compliance Readiness
• 2.1 Leasing Requirements
• 2.1.1 Non-Movable Leases
• 2.1.2 Movable Leases
• 2.2 Master Data
• 2.2.1 What Kind of Data Do You Have?
• 2.2.2 Where Is Your Data Located and How Is It Stored?
• 2.2.3 How Do You Access Your Data for Lease Contracts?
• 2.2.4 How Do You Organize Contracts?
• 2.2.5 How Should You Prepare for Data Migration?
• 2.3 Business Processes
• 2.3.1 Fixed Assets
• 2.3.2 Procure-to-Pay
• 2.3.3 Plant Maintenance and Materials Management
• 2.3.4 General Ledger Accounting
• 2.4 System Changes
• 2.4.1 Integration with an Existing ERP System
• 2.4.2 Lease Lifecycle in the System
• 2.4.3 Disclosures and Reporting
• 2.5 Summary

• 3 Managing Your Leasing Project
• 3.1 Defining the Scope
• 3.1.1 Choosing Business Processes and Functions
• 3.1.2 Determining Project Duration
• 3.1.3 Managing Risks
• 3.2 Establishing Timelines and Deliverables
• 3.2.1 Choosing a Project Management Strategy
• 3.2.2 Planning Project Phases
• 3.2.3 Setting Project Timelines
• 3.2.4 Leveraging Accelerators
• 3.3 Choosing Your Team
• 3.3.1 Internal Personnel
• 3.3.2 External Consulting
• 3.4 Setting Your Budget
• 3.4.1 Implementation Teams
• 3.4.2 Software and License Fees
• 3.4.3 Hardware Costs
• 3.4.4 Maintenance Costs
• 3.4.5 Contingencies
• 3.5 Kicking Off Your Project
• 3.5.1 Setting the Stage
• 3.5.2 Establishing Project Management Tools
• 3.5.3 Defining Standards and Procedures
• 3.5.4 Distributing Responsibilities
• 3.5.5 Communicating Project Milestones
• 3.5.6 Managing Business Expectations
• 3.6 Summary

• 4 Implementing SAP Lease Administration by Nakisa
• 4.1 Before You Begin
• 4.1.1 Choosing an Implementation Tool
• 4.1.2 Checking General Prerequisites
• 4.1.3 Outlining Customer-Specific Requirements
• 4.1.4 Exploring the AdminConsole
• 4.1.5 Reviewing Best Practices
• 4.2 Settings Tab
• 4.2.1 Settings
• 4.2.2 Roles
• 4.2.3 Data Connections
• 4.2.4 Additional Field Settings
• 4.3 Master Data Configuration
• 4.3.1 Application Configuration
• 4.3.2 System Configuration
• 4.4 Data Management
• 4.5 Build Management
• 4.6 Schedule Jobs and Thresholds
• 4.7 Field Management
• 4.8 Caption Editor
• 4.9 Logs and RFC Traces
• 4.10 Summary

• 5 Configuring SAP Flexible Real Estate Management for Lease Valuations
• 5.1 Basic Settings for Balance Sheet Valuation
• 5.2 Balance Sheet Valuation of Contracts
• 5.2.1 Control Settings for Each Contract Type in a Company Code
• 5.2.2 Screen Sequence for Entering Contracts in SAP RE-FX
• 5.2.3 Valuation Relevance
• 5.2.4 Valuation Rules
• 5.2.5 Condition Valuation Groups
• 5.2.6 Valuation Object-Dependent Control Parameters
• 5.2.7 Assignment of Asset Transaction Type to Real Estate Flow Type
• 5.3 Account Determination
• 5.3.1 Asset Posting
• 5.3.2 Clearing Posting
• 5.3.3 Interest Posting
• 5.3.4 Transfer Posting
• 5.4 Special Topics
• 5.4.1 Parallel Accounting for Multiple Accounting Principles
• 5.4.2 Changing Account Determination for Periodic Posting
• 5.4.3 Asset Accounting
• 5.4.4 Controlling
• 5.4.5 New Authorization Objects for Valuation
• 5.5 Summary

• 6 Transition Accounting
• 6.1 Practical Expedients
• 6.1.1 Definition of a Lease
• 6.1.2 Transition for Lessors
• 6.1.3 Transition for Lessees
• 6.1.4 Recognition Exemption
• 6.1.5 Sale-and-Leaseback Transactions
• 6.2 Choosing a Transition Approach
• 6.2.1 The Full Retrospective Approach
• 6.2.2 The Modified Retrospective Approach
• 6.3 Adopting the Modified Retrospective Approach
• 6.3.1 Lease Liability for Operating Leases
• 6.3.2 Right-of-Use Asset for Operating Leases
• 6.3.3 Lease Liability and Right-of-Use Asset for Finance Leases
• 6.3.4 Practical Expedients
• 6.4 Summary

• 7 Managing Leases with SAP Lease Administration by Nakisa
• 7.1 Master Lease Agreement
• 7.1.1 Creating a New MLA
• 7.1.2 Approving an MLA
• 7.2 Contracts and Lease Components
• 7.2.1 Creating a New Contract
• 7.2.2 Creating a New Lease Component
• 7.2.3 Approving Contracts and Lease Components
• 7.3 Activation Groups and Units
• 7.3.1 Managing an Activation Group
• 7.3.2 Activating a Lease
• 7.4 Lease Event Management
• 7.4.1 Reassessing Activation Groups
• 7.4.2 Applying a Casualty Activation Groups
• 7.4.3 Replacing a Unit in the Activation Groups
• 7.4.4 Modifying a Lease Contract
• 7.4.5 Applying a Contract Change
• 7.5 Summary

• 8 Managing Leases with SAP Flexible Real Estate Management
• 8.1 Lease Valuation Data
• 8.1.1 General Data
• 8.1.2 Partners
• 8.1.3 Terms
• 8.1.4 Objects
• 8.1.5 Conditions
• 8.2 Valuation Rules and Calculations
• 8.2.1 Assigning Valuation Parameters
• 8.2.2 Performing and Viewing Valuations
• 8.2.3 Running Valuation Reports
• 8.3 Valuation Postings
• 8.3.1 Posting Contract Valuations
• 8.3.2 Reversing Contract Valuations
• 8.3.3 Depreciating Right-of-Use Assets
• 8.3.4 Deactivating Leased Assets
• 8.4 Lease Modifications and Updates
• 8.5 Reporting and Disclosure Statements
• 8.5.1 Displaying and Maintaining Valuation Rules
• 8.5.2 Viewing Leased Assets for Contracts
• 8.5.3 Displaying Contract Valuations
• 8.5.4 Reclassifying Liabilities
• 8.6 Summary

• 9 Disclosures, Reporting, and Analytics
• 9.1 Standard Required Disclosures
• 9.1.1 Lease Cost
• 9.1.2 Right-of-Use Assets and Lease Liabilities
• 9.1.3 Differences between ASC 842 and IFRS 16
• 9.2 Reporting and Analytics with SAP RE-FX
• 9.2.1 Contracts
• 9.2.2 Conditions
• 9.2.3 Cash Flows
• 9.2.4 Periodic Postings
• 9.2.5 Balance Sheet Valuation of Contracts
• 9.2.6 Right-of-Use-Assets
• 9.2.7 Lease Liabilities
• 9.3 Reporting and Analytics with SAP Lease Administration by Nakisa
• 9.3.1 Disclosure Reports
• 9.3.2 Management Reports
• 9.3.3 Transaction Reports
• 9.4 Summary

• 10 Key Industry Considerations
• 10.1 Healthcare
• 10.2 High-Tech
• 10.3 Air and Defense
• 10.4 Summary

• Conclusion
• Chapter 1
• Chapter 2
• Chapter 3
• Chapter 4 and Chapter 5
• Chapter 6
• Chapter 7
• Chapter 8
• Chapter 9
• Chapter 10
• Additional Resources

• Appendices
• A IFRS 16 and ASC 842 FAQs
• B The Authors
• The Contributors

• Index

Descargo de responsabilidad

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