Mufid Solution

New Accounting Standards in IFRS and US GAAP Figure 1: Scenario Figure 2: Motivation to Replace IAS 17 Most operating leases are comprised of financial obligations similar to finance leases and other financial commitments (such as loans). The flexibility to design leases as operating leases or finance leases gave companies an option to hide their financial obligations on the balance sheet. Therefore, boards had concerns about the lack of transparency of information about lease obligations for investors and analysts. Listed companies using IFRS Standards or US GAAP are estimated to have around US$ 3.3 trillion lease commitments. Over 85% of these lease commitments do not appear on balance sheets today. Figure 3: The IFRS16 Leases Standard Quick Overview The new lease accounting standard IFRS16 Leases was published by the International Accounting standards board (IASB) on January 13th, 2016. The effective date of the new IFRS16 is January 1st, 2019. H

When We are Implementing SAP S/4HANA solution, We can migrate our master data and business data from SAP systems or non-SAP systems to SAP S/4HANA. By using  SAP S/4HANA migration cockpit. The SAP S/4HANA migration cockpit uses migration objects to identify and transfer the relevant data. A migration object describes how to migrate data for a specific business object to SAP S/4HANA. It contains information about the relevant source and target structures, as well as the relationships between these structures. It also contains mapping information for the relevant fields, as well as any rules used to convert values that are migrated from source fields to target fields. SAP provides predefined migration objects that you can use to transfer your data. The Tool used to perform Migration is  LTMC – (Legacy Transfer Migration Cockpit) You can access the SAP S/4HANA migration cockpit by using transaction LTMC. Note the following considerations when deciding on the most suitable approac