Ind AS 116 Lease Accounting
Ind AS 116 lease accounting — right-of-use assets and lease liabilities, automated end to end.
Common pain points.
The recurring issues we see in this function — on every client, in every region.
Lease population scattered across property, equipment, and vehicle contracts
ROU asset and lease liability schedules built and tracked in spreadsheets
Modifications — renewals, early terminations, scope changes — not remeasured on time
Disclosure notes assembled manually each year-end from disconnected trackers
Key capabilities.
Configurable, composable, and consistent — built into the Record-to-Report platform.
Contract-to-schedule automation
ROU asset and lease liability schedules generated directly from lease contract terms — no manual amortization tables.
Modification and remeasurement handling
Renewals, early terminations, and scope changes trigger automatic remeasurement of the ROU asset and lease liability.
Discount rate and lease term tracking
Incremental borrowing rate, lease term, and low-value/short-term exemptions tracked per contract, per entity.
Disclosure-ready reporting
Maturity analysis, ROU roll-forward, and lease liability disclosures generated directly from the schedule, not rebuilt each year-end.
What this unlocks.
Directional outcomes observed in operating deployments. Magnitude depends on workflow maturity, process design, data quality, automation scope, and user adoption.
Compliant from day one
Every lease contract classified and scheduled under Ind AS 116 (or IFRS 16) as soon as it's signed.
No missed remeasurements
Modifications trigger automatic recalculation instead of being caught at audit.
Audit-ready disclosures
ROU roll-forward and maturity notes ready without a manual quarter-end scramble.
Agents read lease contracts to extract lease term, payment schedule, and renewal/termination options, propose the initial ROU asset and lease liability measurement, and flag contracts due for renewal or remeasurement review.
Works best alongside.
Deepen coverage across the Record-to-Report value stream.
Amortization
Amortization schedules from contracts — modification handling, scheduled postings, and contract-to-ledger audit drill-down.
Fixed Assets
Fixed assets lifecycle — capitalization, depreciation, physical verification, and disposal with controls and full audit trail.
Month-End Close
Month-end close automation — task orchestration, auto-reconciliations (bank, AP, AR, GL, intercompany), journal workflow, and close analytics.
Common questions.
See the platform
work on your numbers.
Start with a 20-minute walkthrough, or model the value yourself with our Finance Transformation Value Assessment.