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Wednesday, June 12 • 13:30 - 14:30
Dynamics NAV: The Use of the Standard Fixed Asset Module for IFRS 16 Compliant Reporting

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The use of the Fixed Asset module for IFRS 16 compliance:
To cater for IFRS 16 compliance when reporting on operational leases, lessors are required to calculate and amortize the interest receivable over the lease period.
As the prevalent interest rate may fluctuate over the lease period, this presents an additional burden for accurate financial reporting.
The Fixed asset module can be used to cater for the automated amortization of the interest, in addition to the principal lease amount.
Furthermore, amortization schedules can then be generated from within NAV and used as substantiative documentation.

avatar for Mark de Jager

Mark de Jager

Senior Solution Consultant, Just Dynamics
Mark is a Senior Solution Consultant for Just Dynamics based in Johannesburg, South Africa. With over a decade of experience and numerous implementations on the Business Central (formerly Dynamics NAV) platform, Mark specializes in the Service Management and Manufacturing industries... Read More →

Wednesday June 12, 2019 13:30 - 14:30 UTC
Training 3

Attendees (4)