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Features and reports relating to the lease accounting standard IFRS 16 will only appear in organisations that have their Accounting...
October 17th, 2023 421 views 0 likes
Once you've turned on the Accounting Preferences for your Organisation, you'll need to ensure you've entered the following minimum information into the Agreement...
November 1st, 2023 351 views 0 likes
To be able to run the IFRS 16 Journal Report in Nomos One, an Agreement must have a General Ledger...
November 1st, 2023 769 views 0 likes
Financial Allocations can be added to your GL Template to represent complex account structures in your Journal Report. Setting up...
October 17th, 2023 407 views 0 likes
When generating the Financial Statements and Disclosure reports, you can filter them by Asset Class to see financial data relating...
October 17th, 2023 419 views 0 likes
The IFRS 16 Accounting and Compliance Questionnaire is where you record your initial accounting judgments and assumptions relating to each...
October 17th, 2023 1298 views 0 likes
To be able to run your Journals it's essential that all of your Agreements have a GL Template attached. If...
October 17th, 2023 437 views 0 likes
To filter your Disclosure or Financial Statements Report by Asset Class, you'll need to ensure that all of your Agreements...
October 17th, 2023 362 views 0 likes
If you need to extend the term of an Exempt Agreement (Short Term or Low Value under IFRS 16), there...
October 17th, 2023 262 views 0 likes
Using the Incentives feature in the IFRS Components section of the Rent & Payment page, you can capture payments -...
October 17th, 2023 582 views 0 likes
Maintaining your IFRS 16 Reporting values is essential to posting accurate reports. A big part of maintaining these values is...
October 17th, 2023 718 views 0 likes
You'll have three Transition Methods to choose from when you adopt IFRS 16: Full Retrospective, Modified Retrospective and Simplified. When...
October 17th, 2023 666 views 0 likes
As part of calculating your Lease Liability and Right of Use Asset, Nomos One takes into account and makes assumptions...
October 17th, 2023 1183 views 0 likes
We've developed a Lock Date in Nomos One to reduce the manual workload associated with reviewing changes made to Agreements...
October 17th, 2023 569 views 0 likes
If you need to set up a Lock Date in your Organisation, or edit the existing Lock Date, this article...
October 17th, 2023 941 views 0 likes
When it comes to your disclosure requirements, there are two different methodologies that are available to companies when reporting on...
October 17th, 2023 1186 views 0 likes
Effective Dates in Nomos One are key to your IFRS 16 Financial Reporting. This article describes how Effective Dates work...
January 17th, 2024 278 views 0 likes
If you have a Break Clause (Option to Break) in your contract that you want represented on your Agreement for...
October 14th, 2023 621 views 0 likes
In this article we'll explain the different IFRS and Non IFRS Component Payments you can record on the Rent &...
October 14th, 2023 1195 views 0 likes
Coming up to Year End and need to prepare? We've got you sorted! In this article we're giving you some...
October 13th, 2023 378 views 0 likes