2. Before you start

It’s important that you consider how you want to organize your contracts in the IFRS 16 libraries before you start, since it can be quite complicated to change the structure after you have uploaded a significant number of contracts.

Here are some questions that we recommend considering before you start.

1. Consider your legal structure and how your financial processes are today.
   1. Will the IFRS 16 contracts and calculation be entered and maintained by individual entities, by the group or by segments?
   2. How does the review and audit process work today (Is it by legal entities, by segments, etc.)?
   3. How are the IFRS figures reported today? By reporting entities, by the group, etc. (Group IFRS entries).
   4. Do I need an overview of all IFRS 16 contracts in the group Or do I prefer reporting by different reporting entities?
   5. Will I have dedicated employees to review IFRS 16 contracts for the consistency of input data? Would I engage with an external consultant to do this work?
   6. Is access/limited access critical for me?
   7. How do I foresee the maintenance of the IFRS contract management, going forward? Do I foresee that the accounting data included in my accounting system or kept separate and adjusted in the IFRS reporting?
2. ShareControl and its suppliers will help you to evaluate how sites, access and systems should be set up. We’ll also provide you with templates to facilitate the set up.