IFRS 16 ASC 842 Lease Accounting Compliance

A global medical technology company operating in multiple locations and currencies around the world, selected VIP Apps Consulting to lead their IFRS 16 and ASC 842 lease accounting standards compliance project. With only few months left before the new lease accounting standards to come into force, our client needed to achieve compliance for their financial reporting of their existing and future lease portfolio. We were engaged to deliver the new Oracle leased equipment contract management system integrated within the existing E-Business Suite estate.