IFRS 16 and ASC842 Lease Accounting Resources

The knowledge, experts and solutions to help you achieve IFRS 16/ASC 842 compliance

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“Folks have underestimated the effort around this.”

Dean Bell, Partner, U.S. head of accounting advisory services, KPMG LLP

"One of my great ambitions before I die is to fly in an aircraft that is on an airline’s balance sheet."

Sir David Tweedle, Former Chairman of the IASB

"IFRS 16 is the 'forgotten sister' amongst more prominent IFRS 15 and IFRS 9 accounting change issues. The standard is only just over 20 pages (the portion on governance) but it’s so complex. There’s an unusually high level of judgment and considerations that need to be made.”

Steven Bowen, IFRS 16 Project SME (previously with BBC)

Leasing Experts

Alan Berkley

Senior Finance Specialist, Aptitude Software

Alan is one of Aptitude Software’s leading authorities on matters regarding finance and regulation and the lead finance specialist for the Aptitude Lease Accounting Engine. Alan has over 12 years’ experience as a finance specialist for a variety of industries operating in world-wide markets and jurisdictions.

“As soon as you get into any sort of modification of the lease or any sort of extension or contraction to the lease, there are decisions on how you want to account for it at as well that companies need to think about and apply differently across the entire portfolio. That’s where organizations can trip themselves up.”

Alex Curran

VP Sales, Revenue Management & Lease Accounting

Alex has over 10 years of experience in Aptitude Software solution sales, specifically around IFRS change solutions. After working with most of North America's largest telcos around revenue recognition compliance (IFRS 15/ASC 606) she is now helping leading organizations across multiple industries with leasing (IFRS 16/ASC 842) compliance.

"We're finding the tricky part about the leasing standard is the hidden complexity. Lease volumes may not feel that significant but complex arrangements like embedded leases and leases with multiple components can increase data volumes and systems requirements. We were selected by a global technology company because of our solution's ability to handle multiple GAAPs, currencies, calendars and lease arrangements. ALAE will allow them to achieve compliance within a complex accounting, tax and systems environment."

Harry Tuffs

Presales engineer

Since the early days of the standard, Harry has been involved in the implementation and configuration of accounting solutions to help businesses meet IFRS16 requirements.

“We’ve found that many companies underestimate the scope of the changes which IFRS 16 will require. The data collection phase alone is a formidable task, and implementation of the standard across a business will be onerously difficult without a centralized accounting solution specifically tailored to meet the standard’s requirements.”

Georgios Anagnostopoulos

Presales engineer

Having been involved in numerous IFRS 16 project briefings and POCs, Georgios has worked closely with clients to identify and address functional and technical requirements within their IFRS 16 landscape.

"A robust IFRS 16 solution needs to deliver value on BAU processes, such as internal audit, financial and management reporting, and period-end close. This can only be achieved with a centralised system that provides both aggregated and granular outputs, allowing businesses to take control of their lease data."

Leasing Poll Questions

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Video: Breaking down IFRS 16/ASC 842 into three steps

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FAQ: Get answers to all of your leasing standard related questions

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Aptitude's Alan Berkeley talks to Thompson Reuters about leasing standard challenges

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Market Perspectives

We have calculated that the new rules will require 66 times more journal entries, challenging our finance team to automate lease accounting within financial processing work flows.

Aptitude Software client

We are looking for a solution that will work WITH our lease management systems while filling the calculation and accounting gaps required.

European Telco

We want to use IFRS 16 as a way to change our lease software environment and align our overall processes and tools  around leases in addition to just achieving compliance. We need a solution that will allow us to integrate and manage  leases of various types and help us comply with Multi-GAAP requirements.

Large Global Bank

Upcoming events


11/09/2018 Amsterdam, Netherlands

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Event Highlights

Alan Berkley

Lease Accounting Standard: The way forward

Past event

Alan Berkeley recently participated in a panel at a leasing event hosted by Bloomberg Tax and Deloitte & Touche.  The event brought together finance leaders, auditors, analysts and others for a discussion on the challenges and opportunities posed by the new lease standard and covered topics like setting the stage for compliance, tools and technology solutions and executive buy-in.

More information
The Aptitude Team

CEB / Gartner Finance Conference

Past event

Aptitude was pleased to sponsor and present at the 2017 CEB / Gartner Finance Conference at The Roosevelt in New Orleans. The conference focused on leasing and the impact of the new IFRS 16 / ASC 842 standard on the CFO office.

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Gain compliance and control with the Aptitude Lease Accounting Engine

Handle all ASC 842 and IFRS 16 lease accounting scenarios with a specialist lease accounting engine

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