Finance

Lease Assessment (AU)

PwC
The new accounting standards, IFRS 16 and FASB ASC 842, will put almost all leases on the lessee’s balance sheet as a lease liability and right-of-use asset.

This app helps lessees understand how the new accounting standard for leases will apply to their portfolio and change key metrics over time.

Information

App Last Updated
Size
162.1 MB
Language
English
Terms & Conditions

App stats

Modules
16
Roles
3
Formulas
434
Reports
12
Complexity
Intermediate

Features

Assess your portfolio of leases
  • Once you input key details from your leases, the lease assessment app shows how the change in accounting standard will impact your lease portfolio.
  • By calculating the position under existing and new standards (under IFRS or US GAAP), you can quickly compare and assess the impact across your whole lease portfolio. You can also change underlying assumptions to see how they would affect the outcome.
Understand key metrics
  • Once you’ve uploaded your existing financial information, you can see the impact of the new leasing standard on your overall financial position and performance, including your profit and loss, balance sheet and cash flow statements.
  • The app has a comprehensive set of key metrics including: EBITDA; EBIT; net profit margins; interest cover; and gearing so you can understand how the change in the accounting standard will impact on the key metrics which are important to your business.
See the impact over time
  • The new leasing standards will introduce unprecedented volatility into your financial statements and lease liabilities and lease expenses. When key leases are renewed or replaced, the liabilities will increase overnight and interest expense will increase in the following years.
  • By modeling your portfolio over time, with most leases being renewed or replaced (you can choose individual leases to not be renewed), you can see how the impact of the accounting standard will play out over time, allowing you to make decisions now which optimise your lease portfolio for the future.
Customisable
  • On top of these features already included in the Lease Assessment App, PwC can customise it for your specific requirements.
  • The app has been designed for impact assessment, rather than financial reporting, and so does not consider every possible scenario of accounting for leases. But the app can be tailored to fit the unique characteristics of your lease portfolio.
  • Further, the app could be easily tailored to your specific needs; to report on your customised metrics, to analyse geographically as well as by division and to consider subleases and make good provisions.

PwC

Imagine the power of 180,000 people with a common purpose—building relationships that create value for you and your business. This is PwC. Every day, our people work with you to build the value you are looking for. Our specialist financial and performance management teams optimize the use of Anaplan to align planning, consolidation, reporting, and analytics processes, systems, and information to provide business insights that drive better decisions and actions.

Website
Address

PwC United States

New York, NY 10017

Phone: +1 (646) 471-3000

Website: http://www.pwc.com/us/en/increasing-finance-function-effectiveness.html

email: pwc.anaplan@us.pwc.com

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PwC Australia

Syndey, Australia

Phone: +61 2 8266 0000

Website: http://www.pwc.com.au/

email: ian.bennett@pwc.com

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PwC United Kingdom

London, United Kingdom

Phone: +44 (0) 20 7583 5000

Website: http://www.pwc.co.uk/

email: nigel.wilson@uk.pwc.com

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PwC Belgium

Zaventem, Belgium

Phone: +32 479 573 666

Website: http://www.pwc.be/

email: joseph.taymans@pwc.com

Email
Country Specific (see above)

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Terms and conditions

Anaplan

Application Terms and Conditions: BY CLICKING TO PROCEED WITH DOWNLOAD OF THE APPLICATION, YOU ACKNOWLEDGE THAT THE TERMS BELOW SHALL GOVERN YOUR ACCESS AND USE OF THE APPLICATION. IF YOU DO NOT WISH TO BE BOUND BY THESE TERMS, DO NOT CLICK TO PROCEED. THIS APPLICATION IS NOT PROVIDED BY ANAPLAN, INC. AND THESE TERMS ARE NOT OFFERED BY ANAPLAN UNLESS ANAPLAN IS NAMED AS THE PROVIDER ON THE DOWNLOAD PAGE. USE OF THIS APPLICATION REQUIRES A VALID SUBSCRIPTION TO THE ANAPLAN HOSTED SERVICE, WHICH IS ONLY AVAILABLE THROUGH A SEPARATE AGREEMENT BETWEEN YOU AND ANAPLAN. Application Provider. The application named on the download page of the Anaplan App Hub (the “Application”) is provided by the party named on the download page (the “Application Provider”). Anaplan, Inc. (“Anaplan”) is not the Application Provider unless named as such on the download page. Terms and Conditions. This agreement (the “Terms”) contains the terms and conditions governing your use of the Application unless you have separately agreed to other terms with the Application Provider. These Terms are entered into solely between you and the Application Provider and shall become effective upon your download, access or use of the Application. Anaplan is not a party to these Terms unless it is the Application Provider. Grant of Rights; Anaplan Agreement. The Application Provider hereby grants you the nonexclusive, nontransferrable, nonsublicensable right to use the Application solely in connection with your authorized use of the Anaplan hosted service (the “Anaplan Service”). Your right to use the Application does not include the right to use the Anaplan Service, which requires a separate agreement between you and Anaplan (an “Anaplan Agreement”). You are not permitted to copy or redistribute the Application, but you may load the Application into your instance of the Anaplan Service and modify the Application in connection with your permitted use of the Anaplan Service. Evaluation and Production Use. Your right to access and use the Application is provided on a temporary basis and is limited to evaluation use for a thirty (30) day period beginning on the date of download (“Evaluation Period”). If your subscription under the Anaplan Agreement includes the right to use the Anaplan Service for the use cases covered by the Application, then you may use the Application for production purposes after the Evaluation Period, or earlier if the Application Provider agrees. If you do not have an Anaplan Agreement that includes your right to use the Anaplan Service for the use cases covered by the Application, then your right to access and use the Application will automatically terminate at the end of the Evaluation Period without notice from the Application Provider or Anaplan. Reservation of Rights. The Application contains valuable intellectual property rights of the Application Provider and you are not permitted to use or exploit such intellectual property rights except as explicitly permitted in these Terms. The Application Provider reserves all right, title and interest in the Application except for the rights explicitly granted to you in these Terms. Your right to use the Application will terminate immediately upon any breach of these Terms by you, or upon the termination or expiration of your Anaplan Agreement. Either party may terminate these Terms at any time in its discretion by providing the other party with notice, at which time your right to access and use the Application will terminate immediately.

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