KPMG Lease Managed Services (KPMG LMS) assists businesses in complying with IFRS 16. KPMG LMS supports the management of multiple lease contract, and it’s compliance and accounting. The service features a combination of purpose-built software and a behind-the-scenes data analysis team to help manage your lease accounting efficiently.
KPMG LMS is backed by a web-based technology designed to track lease contracts. The administrative team of a company uploads the new or modified contracts, and the KPMG team will take care of the rest with the technology based Lease Accounting Tool.
Our tool is equipped with functionalities to support operational processes including:
Moreover, it automatically manages calculations and bookings in accordance with IFRS 16. It is easy to explore the effects on the Right Of Use (ROU) asset, lease liability, change in equity, lease remeasurement, scope changes, impairment and calculated values in the contract and local values per contract.
With the drill-down function, it is possible to view the balance sheet, income statement, financial ratios, and other metrics— with or without the effects of IFRS 16.