In May 2023, an exposure draft of the "Draft Accounting Standard for Leases" was released.
This new standard is expected to make operating leases on-balance sheet in principle, which will have a significant impact not only on financial statements but also on
management accounting, business processes, and systems.
Many companies may wonder, in response to the new lease accounting standard, "Can't we just use Excel?" Many companies may wonder, "Can't we handle the new lease accounting standard using only Excel?
While the need for system implementation varies from company to company, it is important to understand whether the use of Excel is suitable for practical use,
and what limitations there are for Exce management, and to consider appropriate countermeasures.
In this seminar video, we will explain the limitations of Excel processing, based on the characteristics of the business type and the types of contracts held.
In the latter half of the video, the fixed asset management system "HUE Asset" that corresponds to the new lease accounting standards will be introduced.
Agenda.
- Facts about systemic support in compliance with IFRS 16
- Four systemically important points in the new lease accounting standard
- New Lease Accounting Standard What Excel can/cannot do
- Characteristics of companies that need/need no system consideration
- HUE Asset" for New Lease Accounting Standards