Regulatory compliance - Accounting treatment as per IFRS / IAS
Key Features
- Finance lease product definition with Lease processing fee & periodic insurance fee, etc.
- Calculation of residual value based on the asset cost.
- Lease rental calculations and based on flexible repayment schedule including holiday periods.
- Extending the residual value as secondary lease period.
- Relevant accounting entries for finance lease.
- Repossession or sale of the asset