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.

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.

_GoBack