On September 14, FSR.dk published an article focusing on some of the points that the Danish Business Authority has submitted as amendments to the Danish Financial Statements Act.
Changes are proposed to ensure that Danish companies live up to the international standards for e.g. IFRS 16 concerning leasing.
IFRS 16 equates financial and operating leasing, which means that operating leasing assets must be recognized in the company's accounts on equal terms with the financial leasing assets. One consequence of this is that many leases are involved and thus have to be recognized in the balance sheet.
Naturally, this imposes an additional administrative burden on companies, which the IBM Planning Analytics Solution Accelerator for IFRS 16 can help make system-supported.
Answering the following questions makes the IBM Planning Analytics Solution Accelerator for IFRS 16 relevant to the company.
The solution can assist with: