Finance· Nextera 04
Nextera Accord
A finance platform built for PSAK 116 / IFRS 16 lease accounting, done right.
Overview
Nextera Accord is a finance platform currently focused on PSAK 116 / IFRS 16 lease accounting — accurate classification, measurement and disclosure.
Accord automates the hardest parts of lease accounting — classification, right-of-use assets, liabilities and remeasurement — and produces disclosure-ready reporting aligned to PSAK 116 (the renumbered PSAK 73) and IFRS 16.
Capabilities
- PSAK 116 / IFRS 16
- Apply the lease accounting standard end to end — recognition, measurement and disclosure — to every lease.
- Lease classification
- Assess each contract for a lease under the standard and classify it, including short-term and low-value exemptions.
- Right-of-use assets
- Recognise and depreciate right-of-use assets, with the schedule maintained automatically over the term.
- Lease liabilities
- Measure lease liabilities at present value and unwind interest over the lease term.
- Remeasurement
- Handle modifications, reassessments and indexation with automatic remeasurement of asset and liability.
- Disclosure reporting
- Generate the disclosure schedules the standard requires — maturities, movements and expense — ready for audit.
Outcomes
- Days
- not weeks to close
- 100%
- disclosure-ready
- 0
- spreadsheet errors
FAQ
Frequently asked questions
Is PSAK 116 the same as PSAK 73?
Yes. PSAK 73 on leases was renumbered to PSAK 116 under the 2024 DSAK IAI standard renumbering; both refer to Indonesia's adoption of IFRS 16. Accord supports the standard under either name.
Does Accord handle lease modifications and remeasurement?
Yes. Modifications, reassessments and index-linked changes trigger automatic remeasurement of the right-of-use asset and lease liability, with the revised schedules carried through to disclosure.
Are short-term and low-value leases supported?
Yes. Accord applies the standard's short-term and low-value exemptions during classification, expensing those leases straight-line rather than recognising an asset and liability.
Does it produce audit-ready disclosures?
Yes. Accord generates the maturity analysis, asset and liability movements and expense disclosures the standard requires, so the numbers reconcile to the underlying schedules at audit.
Ready to Get Started?
Schedule a personalized demo to see how our solution can address your specific needs.