lease-16

Lease Accounting for IFRS16 and FRS102

Manage lease calculations, reporting and compliance with Lease16, built on IBM Planning Analytics.

Changes to FRS102 now require most leases to be recognised on the balance sheet, aligning UK GAAP more closely with IFRS16.
For many organisations, this means more calculations, more tracking, and more complexity in financial reporting.

Lease16 provides a structured lease accounting solution that supports both IFRS16 and the amended FRS102 requirements, helping finance teams produce accurate, auditable and repeatable results

The challenge with IFRS16 and FRS102

New lease accounting rules under IFRS16, and now the amended FRS102 standard, require organisations to recognise lease liabilities and right-of-use assets on the balance sheet.

This creates additional complexity for finance teams, including:

  • Tracking multiple leases across the organisation
  • Calculating interest, liabilities and depreciation
  • Producing consistent accounting outputs
  • Supporting audit and disclosure requirements
  • Integrating lease data into group reporting

Many organisations still manage lease accounting in spreadsheets, which can be difficult to maintain and hard to audit.

The Solution

Lease16 is our lease accounting solution built on IBM Planning Analytics.

It provides a structured, scalable model for managing lease calculations and reporting, supporting both IFRS16 and FRS102 requirements.

With Lease16, finance teams can:

  • Calculate right-of-use assets and lease liabilities automatically
  • Apply discount rates and payment schedules
  • Generate consistent accounting outputs
  • Support audit and disclosure requirements
  • Integrate lease data into consolidation and reporting

Our customers trust us to deliver.

“Aramar understood what we needed from a finance perspective, as well as knowing the best way to set up the system to achieve our goals”

Kevin Byrne | Group Financial Controller

Sharp

How do I comply with IFRS16 or FRS102 lease accounting rules?

How to handle FRS102 lease accounting changes?

How to manage lease accounting across multiple entities or locations?

How to calculate lease liabilities for audit and reporting?

Searching for a better way to manage lease accounting? Lease16 is the solution

Email or contact our team at Aramar today. We’ll help you explore the benefits, understand the set up, and get going.

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IBM Planning Analytics

Lease 16 Client Success Story

Introducing Lease16 in Finance Direct Europe