About IFRS16 Calculator
IFRS16 Calculator is a free, professional-grade tool designed specifically for accountants, auditors, and finance professionals who work with lease accounting under international financial reporting standards.
Our Team
IFRS16 Calculator was developed by a team of accounting professionals and software engineers with extensive experience in financial reporting, audit, and lease accounting compliance.
Professional Qualifications
Our core team includes Chartered Accountants (CA Singapore, CA Malaysia), CPAs, and ACCA-qualified professionals with Big 4 audit experience in Singapore and Malaysia.
Industry Experience
15+ years combined experience in statutory audits, IFRS advisory, and financial reporting for listed companies in retail, manufacturing, technology, and real estate sectors.
IFRS 16 Expertise
Hands-on experience implementing IFRS 16/SFRS(I) 16/MFRS 16 for over 100 companies during the 2019 transition, including complex lease portfolios and multi-jurisdictional compliance.
Our Mission
Our mission is to make IFRS 16 lease accounting calculations accessible to everyone—from small accounting firms to individual auditors working on complex lease portfolios. We believe that accurate financial reporting tools shouldn't be locked behind expensive software subscriptions.
By providing a free, accurate, and easy-to-use calculator, we help finance professionals:
- Save time on repetitive lease liability calculations
- Reduce errors in amortization schedule generation
- Generate audit-ready documentation with exportable CSV files
- Better understand the impact of IFRS 16 on financial statements
Who We Serve
IFRS16 Calculator is designed primarily for finance professionals in Singapore, Malaysia, and the broader Asia-Pacific region, though our tool is used globally. Our typical users include:
Accountants
Preparing financial statements that comply with SFRS(I) 16, MFRS 16, or IFRS 16 requirements.
Auditors
Verifying lease calculations during statutory audits and ensuring compliance with reporting standards.
Finance Teams
Corporate finance professionals managing lease portfolios and preparing quarterly reports.
Students & Educators
Accounting students learning IFRS 16 concepts and lecturers demonstrating lease calculations.
Our Commitment to Quality
We take the accuracy of our calculations seriously. Our calculator is built on the standard present value annuity formulas prescribed by IFRS 16, and we regularly validate our outputs against professional accounting software.
Accurate Calculations
Our formulas follow IFRS 16/SFRS 16/MFRS 16 standards precisely, including proper handling of annuity due vs. ordinary annuity timing.
Privacy First
All calculations are performed locally in your browser. Your lease data never leaves your device or gets stored on our servers.
Always Available
Our tool is available 24/7 with no account registration required for basic calculations.
Regularly Updated
We monitor changes to accounting standards and update our tool and educational content accordingly.
Important Disclaimer
This tool is for educational and informational purposes only.
While we strive for accuracy, the IFRS16 Calculator does not constitute professional accounting, financial, or legal advice. The calculations are based solely on the inputs you provide and standard IFRS 16 formulae. The tool does not account for:
- Complex lease modifications or reassessments
- Variable lease payments or residual value guarantees
- Foreign currency considerations
- Local tax implications
- Lease incentives or initial direct costs
You should always consult with a qualified accountant, CPA, or auditor before making financial decisions or preparing regulatory filings based on any calculations from this tool.
Contact Us
We value feedback from our users. Whether you've found a bug, have a feature suggestion, or just want to say hello, we'd love to hear from you.
Email: [email protected]