IFRS Leasing with SAP Contract and Lease Management for SAP S/4HANA Course Overview
The 'IFRS Leasing with SAP Contract and Lease Management for SAP S/4HANA Course Overview' equips professionals with essential knowledge on IFRS leasing standards and SAP capabilities. This course is vital for finance, accounting, and compliance professionals seeking to enhance their expertise in lease management, ensuring compliance and optimized asset utilization within organizations.
Course outline & what you'll learn
Overview of IFRS 16 and its impact on leasing
- Key differences between IAS 17 and IFRS 16
- Definition of leases according to IFRS
- Types of leases: finance vs. operating leases
- Recognition, measurement, and presentation of leases
- Introduction to SAP S/4HANA and its functionality for lease management
- Integration of contract management with lease accounting
- Setting up master data for leases and contracts
- Configuring lease templates and terms
- Recording lease modifications and remeasurements
- Handling lease expiration and renewals
- Reporting and disclosures according to IFRS requirements
- Real-world examples of lease accounting challenges
- Hands-on exercises using SAP S/4HANA
- Tools and features for lease reporting in SAP
- Analyzing lease data for financial planning and decision making
- Ensuring adherence to IFRS standards in lease accounting
- Preparing for audits related to lease transactions
Overview of emerging trends in lease management and accounting
- The impact of technology on leasing processes and compliance
- Summary of key concepts and takeaways
- Open discussion for addressing additional questions or topics of interest
Why train with Traincrest
This SAP course is delivered by Traincrest's certified instructors, live online or in the classroom, with hands-on labs and a 98% exam success rate. Trusted by 500+ companies and 50,000+ students worldwide.