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Nakisa Lease Accounting Workshops
Our Commitment to Customers Nakisa strives to ensure that
customers are enabled with the most up-to-date and complete
information about Nakisa Lease Administration and are proficient in
new lease accounting standard (IFRS16/ASC 842) knowledge. To
streamline the compliance process, Nakisa has developed a
comprehensive set of IFRS 16/ASC 842 accounting workshop offerings
to educate customers on the key requirements of the new lease
accounting standards as well as on simplifying transition and
solution implementation. The Nakisa lease accounting workshops
include in-depth technical accounting and system enablement
sessions for Nakisa users to have a better understanding of the new
lease accounting standards, in conjunction with practical
application in the solution ranging from system set up to report
generation and also to get an insight on the lesson learned from
the early adopters to streamline the compliance process. The
workshops introduce end to end lease accounting process to the
users starting from initial recognition to report generation.
Instructional Approach Our workshops are highly interactive.
Hands-on exercises and team activities account for 40% of each
program while the remaining 60% is comprised of theory. Learning
activities are interwoven throughout training workshops to ensure
learner understanding, engagement, and confidence when working with
the solution.
The learning path combines instructor-led, real-time exercises
in the solution and self-directed assignments. This method ensures
a continuous and progressive learning process.
Copyright © 2019 Nakisa Inc.
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Why Hanelly?Nakisa Hanelly is a cloud solution for
organizational design that leverages your existing HCM technologies
to provide intuitive organizational charting and design with
powerful, flexible analytics. No matter your industry or
organizational design philosophy, with Hanelly you are able to
visualize your structures, identify and create multiple scenarios,
and clearly measure their outcomes to drive smarter, faster
decisions that align with business objectives.
Workshop Details:Prerequisite: Basic proficiency in US GAAP/IFRS
accounting.
Duration: 3 hours/workshop
Workshop open to everyone:• Virtual Only: 1,000 USD per
each workshop per participant* For on-premise delivery, please
reach out to your Account Manager
Delivery MethodTraining can be delivered via conventional
on-premise in-classroom sessions or via virtual online
sessions.
Workshops We offer three distinct workshops that include
in-depth
technical accounting and system enablement sessions.
The workshops can be taken in any order or combination.
Workshop 1
3 Lease determination and components 3 Lease T&Cs and
initial recognition
Workshop 2
3 Subsequent measurement 3 Reassessments and lease
modifications
Workshop 3
3 Disclosure and transaction reporting 3 GL determination and
entries
Copyright © 2019 Nakisa Inc.
-
Why Hanelly?Nakisa Hanelly is a cloud solution for
organizational design that leverages your existing HCM technologies
to provide intuitive organizational charting and design with
powerful, flexible analytics. No matter your industry or
organizational design philosophy, with Hanelly you are able to
visualize your structures, identify and create multiple scenarios,
and clearly measure their outcomes to drive smarter, faster
decisions that align with business objectives.
WORKSHOP I Lease Determination and Components
After completing this session, you will be able to:
3 Identify if the contract contains a lease 3 Identify lease
components 3 Identify embedded leases 3 Determine the appropriate
accounting treatment for various
lease and non-lease components of a contract
3 Allocate payments as lease and non-lease components in
Nakisa
Lease T&Cs and Initial RecognitionAfter completing this
session, you will be able to:
3 Define Lease Term including Free Rent Period 3 Understand
various types of lease payments 3 Enter the terms and condition in
the application 3 Navigate the application’s interface 3 Understand
discount rate for the lease 3 Understand Nakisa calculation engine,
financial impact of each
term and payment parameters
3 Enter the extension, purchase and termination options in
Nakisa
3 Understand index such as CPI and its implications 3 Recognize
right-of-use assets and lease liabilities 3 Understand lease
Incentives and the journal entries to record
lease incentive
3 Understand Initial Direct Costs (IDC) and journal entries to
record IDC.
3 Understand Prepayment and journal entries to record
prepayment.
3 Understand accrued/deferred rent and journal entries to record
this.
3 Enter Guaranteed residual value (GRV) in the application 3
Understand portfolio approach or bulk asset in Nakisa 3 Classify
the lease under ASC 842 3 Perform the required steps for the
contract inception phase 3 Demonstrate how to set up different
lease types
Copyright © 2019 Nakisa Inc.
-
Why Hanelly?Nakisa Hanelly is a cloud solution for
organizational design that leverages your existing HCM technologies
to provide intuitive organizational charting and design with
powerful, flexible analytics. No matter your industry or
organizational design philosophy, with Hanelly you are able to
visualize your structures, identify and create multiple scenarios,
and clearly measure their outcomes to drive smarter, faster
decisions that align with business objectives.
WORKSHOP II Subsequent Measurement
After completing this session, you will be able to:
3 Amortize the right-of-use asset 3 Amortize lease liabilities
under effective interest rate method 3 Understand end to end lease
accounting flow 3 Understand periodic interest accrual and
depreciation postings 3 Execute periodic postings in the
application
Reassessments and Lease Modifications
After completing this session, you will be able to:
3 Understand reassessments and modifications in the
application
3 Remeasure the lease as a result of changes in the original
assessment
3 Modify the lease as a result of new conditions being entered
in the contract
3 Understand increase/decrease in scope and execute them in the
application
3 Learn the reassessments/modifications journal entries in
Nakisa Lease Administration
3 Perform the steps in splitting an activation group 3 Replace a
unit 3 Handle a casualty in the ROU Asset
Copyright © 2019 Nakisa Inc.
-
Why Hanelly?Nakisa Hanelly is a cloud solution for
organizational design that leverages your existing HCM technologies
to provide intuitive organizational charting and design with
powerful, flexible analytics. No matter your industry or
organizational design philosophy, with Hanelly you are able to
visualize your structures, identify and create multiple scenarios,
and clearly measure their outcomes to drive smarter, faster
decisions that align with business objectives.
WORKSHOP III Disclosure and Transaction Reporting
After completing this session, you will be able to:
3 Understand the quantitative note disclosure under IFRS16 &
ASC 842
3 Execute disclosure reports from the application 3 Execute
transaction report from the application 3 Understand FX translation
in the disclosure reports 3 Learn how to reconcile the data
GL Determination and Entries
After completing this session, you will be able to:
3 Understand GL determination in the back end of the
application
3 Manage the rates relating to the IBR, CPI indexation and
exchange rates
3 Manage master data (e.g., document type, asset classes, GL
account, accounting determination)
Copyright © 2019 Nakisa Inc.
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