New Feature Release: IFRS Settings Report

At Nomos One, we're dedicated to continually improving your leasing experience and simplifying accounting processes. We've been closely listening to your feedback, and we understand the challenges you face when it comes to accessing critical IFRS settings data for your accounting needs. That's why we're excited to introduce the IFRS Settings Report.

What is the IFRS Settings Report?

The IFRS Settings Report is now available as part of the OneLease (Beta) reports. It provides all the key information on IFRS settings at the agreement level, including both the initial IFRS settings from the IFRS 16 Questionnaire and any subsequent changes made through the IFRS 16 Settings Change Questionnaire.

Designed to streamline your workflow, this report allows you to access critical IFRS data easily. You can generate the IFRS Settings Report directly from the Reporting section within OneLease (Beta) by selecting the range of agreements you require, just like other financial reports. Additionally, you can save your configurations as presets for future use, further enhancing efficiency and consistency in your reporting process.

This new feature empowers you to:

• Explain IFRS judgments confidently to auditors
• Manage forecasting and budgeting seamlessly
• Retrieve specific data, such as Make Good Provision, with ease

Why the IFRS Settings Report?

We recognise that accounting users like you often find yourselves in a time-consuming loop, needing to request support assistance during audit time, year-end disclosure, or various stages of your accounting workflow. Whether you're explaining IFRS judgments to auditors, managing forecasting and budgeting, or simply need specific data, such as Make Good Provision, having access to IFRS settings data at the agreement level is paramount.

Please Note: For our customers who have previously used or requested the IFRS Settings Report from our Support team, you'll notice some refinements. We've optimised the report by removing or merging certain columns that did not provide valuable insights. These enhancements ensure that the data presented is more meaningful, concise, and easier to interpret, helping you extract the information you need with greater clarity.

We're here to support you every step of the way. To provide you with an in-depth understanding of the IFRS Settings Report, we've included a link to our knowledge base articles below which explain in detail how to utilise this report.

Related Articles

IFRS Settings Report Overview 

The IFRS Settings Report is a new report in OneLease (Beta) that allows you to generate a report which shows the IFRS 16 judgements across your Agreements. Learn more here.

Understanding the IFRS Settings Report 

This article will help you understand the information within this report, which you can access using the steps in this article.

Nomos One does not provide or purport to provide any accounting, financial, tax, legal or any professional advice, nor does Nomos One purport to offer a financial product or service. Nomos One is not responsible or liable for any claim, loss, damage, costs or expenses resulting from your use of or reliance on these resource materials. It is your responsibility to obtain accounting, financial, legal and taxation advice to ensure your use of the Nomos One system meets your individual requirements.