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IFRS 16 Lease Accounting Excel Calculation Model

Excel calculation model to calculate accounting movements and balances for up to 15 lease agreements based on IFRS 16 requirements from a lessee perspective.

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€‎49.00

User-friendly Excel calculation model to calculate accounting movements and balances for up to 15 lease agreements based on IFRS 16 requirements from a lessee perspective. These include lease liability balances, interest expense, right-of-use asset balances, depreciation charges, lease payments and months to maturity. The calculation model will automate the lease accounting calculations and key disclosures and intended as a supporting working file for the General Ledger lease agreement postings.

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The calculation model summarises the balances and movements across all lease agreements for a presentation period of up to 5 years as selected by the user which is available on a monthly and annual basis. The calculation model also includes adjustments for extension, termination and purchase options.

KEY OUTPUTS

  • Lease liability control account on a monthly and annual basis and by lease agreement. Control account includes opening balance, additions, interest expense, lease payments and closing balance

  • Right-of-use asset control account on a monthly and annual basis and by lease agreement. Control account includes opening balance, additions, depreciation charge and closing balance

  • Months to maturity calculation on a monthly and annual basis and by lease agreement as well as overall weighted average.

  • Charts showing lease liability and right-of-use asset balances by month

  • Charts showing depreciation charge, interest expenses and lease payments by month

KEY INPUTS

Setup Inputs:

  • Name of business

  • Currency

  • First presentation year

  • Names of lease agreements

  • Lease discount rate

  • Lease useful life

  • Non-cancellable starting and ending periods

  • Extension period (if applicable) and probability of exercising extension option

  • Termination period (if applicable) and probability of exercising termination option

  • Probability of Exercising Purchase Option

 

Cash flow inputs:

  • Initial direct costs incurred (if applicable);

  • Fixed lease payments;

  • Variable lease payments (if applicable);

  • Exercise price of purchase option (if applicable);

  • Other cash flows (if applicable).

MODEL STRUCTURE

The model comprises of 7 tabs split into input ('i_'), calculation ('c_'), output ('o_’) and system tabs. The tabs to be populated by the user are the input tabs which include ‘i_Setup’ for setup assumptions, ‘i_cashflows’ to input applicable lease cash flows. The calculation tabs takes the user-defined inputs to calculate and produce the outputs which are presented in the ‘o_summary’ and ‘o_Dashboard’ tabs.

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System tabs include:

  • A 'Front Sheet' containing a disclaimer, instructions and contents;

  • A checks dashboard containing a summary of checks by tab.

KEY FEATURES

  • The model follows good practice financial modelling guidelines and includes instructions, line item explanations, checks and input validations;

  • The model allows for a maximum of 15 lease agreements (this can be extended if required).

  • The model allows the inclusion of extension, termination and purchase options with drop down to select probability option will be exercised;

  • The model includes 5 different cash flow types for each lease agreement including: initial direct costs, fixed lease payments, variable lease payments, exercise price of purchase option and any other cash flows;

  • The model allows for lease agreements with any starting and ending date to be included and summarises lease balance and movement results across a 5 year period as selected by the user;

  • Business name, currency, first presentation year and lease assumptions are fully customisable

  • The model includes a checks dashboard which summarises all the checks included in the various tabs making it easier to identify any errors.

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