International Financial Reporting Standard No. 16 (Lease Contracts)

All the terms and requirements of International Accounting Standard No. 16 related to lease contracts have been explained in the form of simple points that are easy for a novice accountant to understand. The product also contains a special program for calculating all right-of-use asset accounts, where the basic data related to the contract is entered, and on this basis, the results are obtained. A detailed calculation table in addition to aggregate tables that include both right-of-use asset accounts, lease liability accounts, right-of-use asset depreciation accounts, and lease liability interest accounts, in addition to the contract’s daily entries over the entire contract period.

This product is suitable for each of the following categories:

1- Companies and institutions committed to applying International Accounting Standard No. 16.
2- Accountants who have a desire to obtain one of the most important accounting tools, in addition to developing clear knowledge in a simple manner about International Accounting Standard No. 16, which relates to lease contracts.

Product features:

1- Saving time and effort to develop comprehensive knowledge about International Accounting Standard No. 16, in addition to designing and implementing the accounting program.
2-Simplicity of obtaining all information related to the standard, through the way the information is presented and the simplicity of the method used.
3-The program contains all the daily entries for the contract being calculated, as they are calculated automatically over the years of the contract.
4- Obtaining any updates related to the standard automatically via the e-mail of the registered account.

Product contents:

1- A complete explanation of the standard in the form of points explained in a smooth and simple manner.
2- An Excel program for calculating periodic obligations and interest, and automatically making daily entries throughout the contract period.
3-A practical model of a rental contract with its calculations and daily entries.

Sources:

The standard was explained and the calculation program was designed by a team of experts and specialists in accounting, information systems and international standards.