Ragnar Bryne

Benefits of IFRS 16 & Centralized Lease Accounting

The benefits of IFRS 16 goes beyond transparency and compliance. In this article, we will expand on the advantages that IFRS 16 software support can provide for organizations that have already implemented IFRS 16 and organizations that consider transitioning to IFRS standards in their financial reporting. Centralizing lease management under IFRS 16 brings a structured … Read more

The Transparency Act for foreign businesses

The Norwegian Transparency Act requires over 9,000 Norwegian companies to monitor human rights in their own operations and supply chain. Foreign businesses may also be covered. In this article you can read more about the requirements required under the Transparency Act for non-Norwegian companies. The Transparency Act for foreign businesses The Transparency Act is one … Read more

6 advantages of a board portal

With a board consisting of people who often have busy weekdays and full calendars, there are several advantages of a good board portal. Not only can you streamline and secure interaction, you will also automate and optimize the processes. In this article you can read why you should optimize your board work today. Advantages of … Read more

Human rights and decent working conditions

Human Rights in the Transparency Act

The Transparency Act requires businesses that are covered by the legislation to carry out due diligence assessments of their suppliers. In the due diligence assessments, the businesses must investigate potential and actual negative consequences on basic human rights and decent working conditions. Furthermore, an explanation of the findings must be prepared and published on the … Read more

What is IFRS 16?

IFRS 16 is an accounting standard introduced by the International Accounting Standards Board (IASB) and which came into force on 1. January 2019. It replaced the accounting standard IAS 17. But what is IFRS 16, and why does it exist? The accounting standard establishes principles for how companies should account for and report lease agreements … Read more

Calculations according to IFRS 16

IFRS 16 was introduced by the International Accounting Standards Board (IASB) in 2019. The accounting standard has led to significant changes in the way companies must account for their leases. The biggest change is that the companies that report according to IFRS must now balance most leases, which means accounting for more variables than in … Read more

Implementation of IFRS 16 before listing

So far in 2023, seven companies have been listed on the Oslo Stock Exchange, the last of which was Norconsult. On Euronext, which is part of the Oslo Stock Exchange, 55 companies have been listed on the stock exchange. All these businesses are required to account for leasing and rental agreements in the accounts according … Read more

Reporting according to the Transparency Act and companies’ obligations – Guidance

Due diligence report

The Transparency Act has three main duties, the first is to carry out due diligence assessments of suppliers in order to promote businesses’ respect for basic human rights and decent working conditions, as well as ensure the public’s access to information. The next is the duty to provide information if someone requests information and finally … Read more

4 reasons to digitize contract management

4 grunner til å digitalisere kontraktshåndteringen

In an increasingly digital world, there are still companies that believe that storing contracts on different platforms and on their own machines gives the best control. This is a claim we want to disprove in this article by showing some of the benefits you get from digitizing contract management. Why digitize contract management? Have you … Read more