Disclosure Requirements
Related terms
Category
IFRS 16
Lease accounting disclosure requirements are the quantitative and qualitative information that must be presented in financial statement footnotes under ASC 842 and IFRS 16. These include maturity analyses, rollforward schedules, expense breakdowns, weighted average metrics, and policy descriptions.
Why it matters
Disclosure requirements are extensive and time-consuming to prepare manually. ASC 842 requires separate disclosures for operating and finance leases, including maturity analyses, lease cost breakdowns, cash flow information, and weighted average metrics. IFRS 16 has its own set including ROU asset rollforward by class and separate maturity analysis.
Incomplete or inaccurate disclosures are common audit findings and can result in restatements. The volume of required data makes manual preparation from spreadsheets impractical for large portfolios.
How Arvexi handles this
Arvexi generates all required ASC 842 and IFRS 16 disclosures automatically from portfolio data. Maturity analyses, rollforward schedules, lease cost breakdowns, and weighted average calculations are produced in export-ready formats for direct inclusion in financial statement footnotes.