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In order to see IFRS 16 features and reports in your Organisation, certain fields need to be completed in the...
October 17th, 2023 1548 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 1271 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 2617 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 1635 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 1399 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 3752 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 1428 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 1168 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 1049 views 0 likes
Using the Incentives feature in the IFRS Components section of the Rent & Payment page, you can capture payments -...
October 17th, 2023 1584 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 2651 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 1849 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 2801 views 0 likes
For disclosure requirements, there are two different methodologies that are available to companies when reporting on the Current and Non-Current...
October 17th, 2023 7171 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 1614 views 0 likes
If you have a Break Clause (also called “option to break”) in your contract that you want represented on your...
October 14th, 2023 2049 views 0 likes
This article will explain the IFRS Component Payments and Non IFRS Component Payments available on the Rent & Payment page...
October 14th, 2023 3514 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 1209 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 2721 views 0 likes