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MRI Horizon - Accounting Compliance for Real Estate Leases
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Survey
MRI Horizon - Accounting Compliance for Real Estate Leases
This self-paced course is an introduction into how Horizon supports the calculations needed to comply with accounting standards for real estate leases.
This course provides an introduction into how Horizon enables the relevant aspects of each real estate lease to be set up according to the Accounting Standard appropriate for its territory, then process all the necessary calculations and apply the resulting adjustments in order to satisfy that standard.
The course will include the following:
- the basics of setting up an Accounting Recognition schedule on a real estate lease in Horizon associated with lease accounting standards, ASC 842 and IFRS 16. (The latter process is mirrored where FRS 102 or CIPFA is applicable.)
- taking up a lease renewal Option
- recording Incentives and Costs and
- how to apply the above and what their effects are on the accounting compliance calculations in Horizon.