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Lease Accounting System

£95,378

services

Contract Details

Tender Value
£95,378
Stage
Live
Published
Awarded

Timeline

Awarded
Disclosed
Start
End

Description

A software system that has the functionality to hold details of the Council's leasing arrangements where the Council is either lessee or lessor. The system will need to calculate the year end lease accounting entries (journals) such as recognition of lease liabilities and Right Of Use remeasurement of lease liabilities, write down of lease liabilities. The system will need to be compliant with the requirements of the International Financial Reporting Standard 16 (IFRS16) for local authorities. Awarded via G-Cloud 13.

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