Description
We are looking for a SAP Flexible Real Estate Management (RE-FX) for a 5 months contract project.
To be considered for this role you should have:
SAP Flexible Real Estate Management (RE-FX) deals with use of the Business Partners functionality for recording leasing contracts. In 2016, the International Accounting Standards Board (IASB) issued IFRS 16, new Leasing rules to be required for annual reporting periods beginning on or after 1st January 2019. With IFRS 16, it is no longer required to treat financial and operational leases differently from an accounting perspective and therefore this new leasing standard eliminates nearly all off-balance sheet accounting for leases. The goal of the new lease accounting rules is to increase transparency and to enable the users of financial statements to assess the impact of their organization's leases on the financial position and cash flow directly from its balance sheet. To meet that objective, a lessee should recognize assets and liabilities arising from a lease.