page-template,page-template-full_width,page-template-full_width-php,page,page-id-22695,qode-social-login-1.1.3,stockholm-core-1.2.1,select-theme-ver-5.2.1,ajax_fade,page_not_loaded,wpb-js-composer js-comp-ver-6.1,vc_responsive
Title Image


Major company in Telecoms, Managed services

Keywords:  IFRS16, ASC840 & IAS17 transition / IFRS16 calculations / Master Data Configuration / Finance leases

Headquarters: United Kingdom

# Leasing contracts: +4000

This client is a large multinational technology company with headquarters in London, UK, that provides network services to capital markets, media, and fixed/mobile operators. They operate in more than 22 countries, making the lease accounting environment international and complex.


The main challenge was the high volume and material number of contracts related to vast data centers.


During the initial phase of the project, Qiado supported assessing the IFRS16 transition scenarios, which required a significant effort from our technical accounting team. We supported this customer during the implementation phase, and currently, we are responsible for the maintenance of the application. One of our main responsibilities was integrating with the ERP system, with new General Ledger and new Asset accounting modules, since these require more than a standard implementation. Concurrently, we were also involved in the configuration of several accounting standards such as IFRS16, ASC840, and IAS17.


The main outcomes were Master Data Configuration, System and UAT testing, IFRS16 calculations, ERP integration, reconciliation, and reporting. Moreover, recently we also supported the integration of the old Finance Lease into the application according to IAS17.


In the end, Qiado helped the migration of more than 2000 contracts with a very significant asset value. There are several specific requirements due to IFRS16&IAS17 integration and new SAP modules, and, in this case, we were still able to support the customer, guaranteeing very accurate results.

Want to know more about what we can do for you?