Find Jobs
Hire Freelancers

Looking for Operating to Finance Lease Conversion (IFRS 16) - Accounting Treatment

$10-30 USD

Closed
Posted almost 4 years ago

$10-30 USD

Paid on delivery
We are a company in KSA and we have two long term lease agreements. Until 31st Dec 2018, we were treating the two agreements as an operating lease. However, from 1st Jan 2019, we have to convert them to Finance Lease. We need a freelancer who can convert those Operating Lease agreements to Finance Lease and give us the calculations and accounting treatment for it by providing us detailed calculations. Assumptions must be made as per KSA Market. Thanks
Project ID: 26828185

About the project

25 proposals
Remote project
Active 4 yrs ago

Looking to make some money?

Benefits of bidding on Freelancer

Set your budget and timeframe
Get paid for your work
Outline your proposal
It's free to sign up and bid on jobs
25 freelancers are bidding on average $58 USD for this job
User Avatar
I can perfectly help you with that. I am a professional Auditor from one of the Big 4 Firms specializing in IFRS with years of experience. I will be happy to discuss in detail.
$20 USD in 1 day
4.6 (167 reviews)
6.4
6.4
User Avatar
Hello, Top of the day. Trust you are doing great. I will like to work with you on your project. I am a Professional Accountant, Researcher and Writer with wealth of experience in report writing, academic writing, finance, accounting, financial reporting, management accounting, financial management, corporate finance, budgeting, financial planning and analysis, auditing and diverse other fields. I have extensive experience in doing feasibility study, preparing business plans, designing marketing plans and strategy. I have magnitude of experience in preparing financial statements, investment appraisal, financial modelling - making financial projections/planning, business plans and linking the models together, ensuring consistency, simplicity, understandability and ultimately achieving its objective. I am highly proficient in the use of excel for solving business problems. I can assist you in converting your operating lease to finance lease. I have strong flair for business analysis, finance and accounting and the use of excel in providing solutions. I look forward to your task as this would afford me the opportunity to diversify my experience and contribute to the success of your endeavour. I am also open to other opportunities of work you may have. My ultimate objective is to keep my customers & clients satisfied and delight them beyond expectation. I await your positive response & positive consideration. A trial will make the difference. Thank you.
$80 USD in 3 days
5.0 (38 reviews)
5.1
5.1
User Avatar
Greeting, I trust you are well, I am a qualified accountant. I can perfectly explain the things happened with your lease conversion & calculation. feel free to have a chat to move forward. Many thanks, Kajee
$85 USD in 1 day
4.9 (28 reviews)
4.7
4.7
User Avatar
Hey! I will convert the Operating Lease agreements to Finance Lease and give you the calculations and accounting treatment for it with a detailed calculations. Assumptions will be made as per IFRS. I am a qualified chartered accountant and working in a Consultancy firm (Grant Thornton) from 7 years. I had done ACCA, ICAEW, ICAP.I have experienced more than 40 companies on behalf of my firm. I was also working for Pepsi-Cola International at snacks plant. It is an honour for me to assist you in this task. Hoping for a positive response from you. *Fee will be negotiable according to your expected budget. I will share my firm profile when you contact me. Thanks Regards Muhammad Zaman
$200 USD in 8 days
5.0 (14 reviews)
4.3
4.3
User Avatar
Hi there, I have read your project entitled “ ”Looking for Operating to Finance Lease Conversion (IFRS 16) I am a Certified Chartered Accountant and a duly certified mentor of ACCA (UK). I have already done numerous projects of this sort. You can see my portfolio for this purpose https://www.freelancer.com/u/SIBTEHASSANBUTT I will deliver you the whole project whenever you need it. I would be happy to provide you with any revisions if you needed any. Let me do this job for you in a professional manner. After assigning me this project, you need not worry about anything. Looking forward to working with you. Experienced and competent finance professional with five years of experience, knowledge and application of International Financial Reporting Standards (IFRS) and International Standards on Auditing, Knowledge of Corporate laws and Procurement Rules, Sound analytical and problem-solving skills, internal controls, Budgeting, Financial Reporting, Financial Modelling, Accounting Software, ERP, MS Excel, MS Word. My specialities are: -Payable & Receivables -Financial Data Entry -Finance, Management Accounting, Auditing & Bookkeeping, Accounting, -Financial Statements. -MIS, Budgeting, Forecasting & Variance Analysis. -Payroll -Audit of books of accounts. -Taxes -Reconciliations including banks, vendor, suppliers, financials. -Fixed Assets accounting & preparation of the register, calculation of depreciation Thanks. Member ACCA (UK), ACA (UK) finalist
$100 USD in 7 days
5.0 (7 reviews)
4.0
4.0
User Avatar
Hello, Hope this message finds you well, I checked your details and I believe that my experience is what you are looking 4. I have been working on similar projects for the past eight years, and I have the essential skills including; Accounting Finance Financial Analysis Finance Transformation I will prove to be of great help to you. SEND MESSAGE/CHAT, so that discuss more on the details including budget and deadlines… Please REMEMBER to; Wash your hands frequently, Maintain social distancing, Avoid touching eyes, nose and mouth..., Practice respiratory hygiene, Stay home and if you feel unwell seek medical care early. Regards, BrainCenter Inc
$150 USD in 7 days
4.6 (7 reviews)
3.7
3.7
User Avatar
Hello, I am qualified CA from India and Dip IFRS from ACCA UK. I possess 13 years of experience in the IFRS. I will help with convergence for the same in Fianancial statement. Kindly revert on the same to discuss quickly on chat. Regards Abhishek
$50 USD in 7 days
5.0 (3 reviews)
2.8
2.8
User Avatar
Greetings, I would like to offer you my services for the mentioned project. Related to your project You can depreciate the asset and list it as part of the value of your company. Ask if you have the option to purchase the asset at a discount at the end of the lease. If you do, then treat this as a capital lease. Lets connect to discuss more about the project. Regards,
$30 USD in 1 day
4.5 (3 reviews)
2.7
2.7
User Avatar
 Enthusiastic and dynamic professional with comprehensive academic outlook and experience in preparation of financial statements, Financial planning and analysis, Financial modeling, budgeting and Cash flow forecasting, cash flow management, asset management, accounts payable and receivable; adept at financial transactions recording & financial reporting in line with accounting principles & procedures  Self-motivated professional having knowledge in all facets of financial management, MIS reporting, invoicing and Value added tax. Possesses abilities for managing and developing financial reports using technological efficiencies; proficient at identifying troublesome areas and implementing corrective measures; proficient at using ERP.
$30 USD in 7 days
0.0 (0 reviews)
0.0
0.0
User Avatar
Hi, A little concern on IFRS 16 RIGHT TO USE ASSET is now just an another accounting problem. I have created one excel sheet with the formulae to create 50 years lease term accounting entries and Net Present Value. I would require the term of lease period plus the Prepaid rent paid for each period. I am working for UAE and KSA Company. So your problem is solved if you chose me for this job. thanks.
$250 USD in 7 days
0.0 (0 reviews)
0.0
0.0
User Avatar
I have worked in lease process with a leading multinational company in India. Have experience in the same domain. Where we used to classify the lease of solar panel into operating and finance lease, for which we have made a excel sheet in which we have to put the basic details (eg. term, lease rentals) and it automatically defines its classification. And after that we used to do its accounting and make the report at month and quarter ends. Apart from the working experience I am a qualified cost accountant and currently pursuing Diploma in IFRS with ACCA(UK).
$24 USD in 7 days
0.0 (0 reviews)
0.0
0.0
User Avatar
I am an experienced Chartered accountant from India. I also hold Dip. in USGAAP. I have in-depth knowledge and practical experience of implementing IFRS to deliver the highest quality financial information.
$15 USD in 4 days
0.0 (0 reviews)
0.0
0.0
User Avatar
Hello I will be delighted to assist you with this assignment. I have extensive experience on IFRS 16 implementation and created a template which is used by a small/medium audit firms. Please provide me with the lease agreements to review their terms and advise you accordingly. If the leases cannot fall under the exemptions certain practical expedients can be used. Many thanks. Kind Regards George
$20 USD in 1 day
0.0 (0 reviews)
0.0
0.0
User Avatar
Free for u
$10 USD in 1 day
0.0 (0 reviews)
0.0
0.0
User Avatar
HI We are qualified Accountants having experience of financial accounting and reporting. Our team members are experienced of adoption of IFRS 16, 15 and 9. We can prepare relevant calculations, accounting entries for conversion of operating lease to finance lease and other relevant disclosures under IFRS 16. please hire us for professional Services
$111 USD in 3 days
0.0 (0 reviews)
0.0
0.0
User Avatar
I'm a Qualified Chartered Accountants and working as assistant Finance Manager in Ernts & Young Chartered Accountants. I can perform this task for you Relevant Skills and Experience Accounting, Finance,Financial Analyst,Capital Budgeting.
$23 USD in 1 day
0.0 (0 reviews)
0.0
0.0
User Avatar
Freelance Accountant(Certified Public Accountant) - accounting, auditing and taxation services BIG 4 EXPERIENCE Reasonable price with excellent services Covered industries included: retail shops, wholesale companies, trading companies, fresh food shops, restaurant, charity organizations, construction companies, education organizations etc. For free enquiries, please contact: +852 6697 3943 Alex
$35 USD in 1 day
0.0 (0 reviews)
0.0
0.0
User Avatar
Hello. I have served a multinational company in transition to IFRS 16 as consultant. And i have established IFRS 16 Template calculation. I am able to satisfy your need. Regards
$30 USD in 2 days
0.0 (0 reviews)
0.0
0.0
User Avatar
hi i am qualified practicing chartered accountant i have knowledge of accounts,goods and service tax,finance Indian taxation, ROC and more
$20 USD in 7 days
0.0 (0 reviews)
0.0
0.0
User Avatar
Hi I am a Chartered Accountant (CPA Equivalent) and have post qualification experience of more than 7 years. I have already worked on similar projects and done lease accounting as per IFRS 16 for listed entities.
$30 USD in 7 days
0.0 (0 reviews)
0.0
0.0

About the client

Flag of SAUDI ARABIA
RIYADH, Saudi Arabia
0.0
0
Payment method verified
Member since Aug 14, 2018

Client Verification

Thanks! We’ve emailed you a link to claim your free credit.
Something went wrong while sending your email. Please try again.
Registered Users Total Jobs Posted
Freelancer ® is a registered Trademark of Freelancer Technology Pty Limited (ACN 142 189 759) & Freelancer Online India Private Limited (CIN U93000HR2011FTC043854)
Copyright © 2024 Freelancer Technology Pty Limited (ACN 142 189 759)
Loading preview
Permission granted for Geolocation.
Your login session has expired and you have been logged out. Please log in again.