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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 147 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 102 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 256 views 0 likes
Financial Allocations can be added to your GL Template to represent complex account structures in your Journal Report. Setting up...
When generating the Financial Statements and Disclosure reports, you can filter them by Asset Class to see financial data relating...
October 17th, 2023 129 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 514 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 127 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 111 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 67 views 0 likes
Using the Incentives feature in the IFRS Components section of the Rent & Payment page, you can capture payments -...
October 17th, 2023 179 views 0 likes
Maintaining your IFRS 16 Reporting values is essential to posting accurate reports. A big part of maintaining these values is...
You'll have three Transition Methods to choose from when you adopt IFRS 16: Full Retrospective, Modified Retrospective and Simplified. When...
October 17th, 2023 158 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 269 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 218 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 314 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 205 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 85 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 123 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 363 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 158 views 0 likes