On 20 March 2018 from 9-11, we welcome you to the Introduction to AARO Lease Registry, IFRS16, and HFM/HE Migration Seminar. During this seminar, we will in discuss how we support IFRS 16 and solutions for migrations from HFM/HE.
The seminar is free of charge and you can sign up below.
If you are currently reporting in accordance with the IFRS standard, you probably already know that IFRS 16 will be released on 1 January 2019. Even if your business won’t be affected by this new regulatory framework, the release may also be interesting for you to learn about.
Industry knowledge predicts that IFRS companies with leases or leases in their operations will be affected because the current classification will be phased out. Per the replacement model, most contracts will be reported in the balance sheet as both an asset and a liability. Consequently, Aaro Systems is developing AARO Lease Registry – a new product that will support your work with IFRS16 and automatically create necessary bookings in the balance sheet and income statement.
- With AARO Lease Registry you can create a contract database, manually register information or import by contract, and automatically perform all essential calculations.
- AARO Lease Registry can be used independently or integrated with the AARO solution.
- When integrated with AARO, AARO Lease Registry supports automatic bookings by accounting type for both balance sheet and income statements, which enables you to run reports that show key figures with and without the effects of IFRS16.
- When integrated with AARO, you can also drill down to the lowest level of granularity via the report generator and create a journal for booking back into your ERP system, if needed.
We will describe how we support IFRS 16 reporting.
We will lead a discussion that is suitable for customers currently using Oracle Hyperion Financial Management (HFM). This offering will be based on our experience with migrations from both Hyperion Enterprise and HFM.
The morning seminar is at Clarion Hotel Copenhagen Airport on 20 March 2018 from 9-11.