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