How do I make IFRS 16 postings for Balance Sheet Right-of-Use Assets in IRIS?

Article ID

how-do-i-make-ifrs-16-postings-for-balance-sheet-right-of-use-assets-in-iris

Article Name

Created Date

19th February 2020

Product

Problem

How do I make IFRS 16 postings for Balance Sheet Right-of-Use Assets in IRIS?

Resolution

In order to disclose Right-of-Use Assets (ROU) on the Balance sheet in the respective asset classes, please post to the following Balance sheet codes:
Intangible fixed assets: 503 to 505 (sub accounts 51-80)
Property, plant and equipment: 512 to 526 (sub accounts 51-80)
Investment Property: 563 (sub accounts 51-80)

Please Note: the above postings will produce a Leasing note and also an IRIS Standard Accounting policy which can be overridden in the data screens.

Thank you for your feedback.

Was this useful?

Yes No

We are sorry you did not find this KB article helpful. Please use the box below to let us know how we can improve it.

Escalate to Support?

First Name *

Last Name *

Company Name *

Email Address *

Phone Number *

IRIS Feedback *

For information on how we manage your data please view our privacy policy