Session ID: 10981

Abstract: IFRS 16 is an International Financial Reporting Standard on accounting for leases promulgated by the International Accounting Standards Board. IFRS 16 was issued in January 2016 and will be effective for most companies that report under IFRS from this year.For companies using Oracle Property Management (for leases and Equipment), General Ledger or other tools, they will need to make changes to meet the IRFS16 Standard. In this presentation we’ll give a brief rundown on IFRS16 and how it works for EBS. From the patches to the various options for implementation. We’ll also detail the API functionality for updating leases for IRFS16 and how updating large quantities of leases can be performed.

Objective 1: Learn the options available to implement IFRS 16

Objective 2: Understand the options available to upload data to Oracle E-Business Suite

Objective 3: How IFRS 16 will impact my data entry

Audience: Financial or Internal Control Manager