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Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / IRFS 16 Module (lease ...
Finance | Project Operations, Human Resources, ...
Answered

IRFS 16 Module (lease accounting ) in Dynamic 365

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Posted on by Yin Mon Pyone 12

Dear Expert,

I would like to take your advice or guidelines regarding about IFRS 16.

I have Presale Demo to customer and they are requesting for IFRS 16 Module.

Which module are applying to IFRS 16 in Dyanmic 365?

if it is, please provide with the one round complete process. 

Thank You and best regards,

Sweety

I have the same question (0)
  • Guruprasanna Profile Picture
    Guruprasanna 1,093 on at

    Hi,

    Please go through the below links, this might help you to understand IFRS 16.

    https://www.erpsoftwareblog.com/2018/05/ifrs-15-and-microsoft-dynamics-365-for-finance-and-operations-erp/

    https://mbs.microsoft.com/Files/public/CS/AX/MicrosoftDynamics365forOperationsSupportforIFRS.pdf

    https://community.dynamics.com/ax/f/microsoft-dynamics-ax-forum/215384/ifrs-implementation

    Regards

    Guru

  • Verified answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hello Sweety,

    On the Appsource, you can find 3rd party apps for lease accounting.

    appsource.microsoft.com/.../

    One that I have commonly seen being used is the one from Crowe.

    Best regards,

    Ludwig

  • Yin Mon Pyone Profile Picture
    Yin Mon Pyone 12 on at

    Thank you all for your advice.

    Now, I will use Project Management module and link to Fixed Asset Management and Asset Management module. it is not possible to use third party software for us.

  • Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hi Sweety Star,

    What accounting standards do you need to follow / apply?

    Only local GAAP or also international GAAP, such as IFRS?

    Best regards,

    Ludwig

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