IFRS 16 Leases LOIS Implementation Leasing Software New Accounting Standard

Aurelia live on LOIS Accounting Software

By Paula Macris Aug 15, 2019 11:29:01 AM

Quadrent, the Australasian providers of the LOIS SaaS lease accounting platform, are proud to announce that Aurelia Metals have signed and are in process of implementing the LOIS IFRS 16 SaaS solution.

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As a key Australian gold, silver, lead, zinc and copper mining and exploration company, Aurelia have a range of assets captured under the IFRS 16 lease rules. The company intend to use the full functionality of the IFRS16 lease accounting tool, while also managing the overall portfolio of assets within the system.

Quadrent, with insight from a range of mining clients regarding IFRS16 implementations is excited to  implement the LOIS solution in order to make a simple effective accounting and IFRS16 control process.

Find out more about LOIS here.