Expenditure

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IFRS 16 example: How the new lease accounting changes financial reporting

The International Financial Reporting Standards (IFRS) are internationally recognised accounting standards that are applied by companies all over the world. One of the latest standards is IFRS 16, which relates to lease accounting. This standard was developed to improve the transparency and comparability of financial information and to give investors a better basis for their decisions. In this article, we will take a closer look at IFRS 16 and [...]

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Software in the property sector: definition and application

Software in the property sector refers to specially developed programmes and applications that are used in the property industry. These software solutions are used to support and optimise various aspects of property management. They offer functions such as property management, broker support, financing and valuation processes. Property software is an important part of modern property management and plays a crucial role in increasing efficiency, reducing costs, improving customer satisfaction and decision-making. Why is software in the property sector

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From the desk to the toolbox: how to maintain an overview with CAFM software

CAFM (Computer Aided Facility Management) software is an indispensable tool for facility management. It enables the efficient management and organisation of buildings, facilities and resources. In this article, we will provide a detailed overview of CAFM software, its functions and benefits for facility management. What is CAFM software and how does it work? CAFM software is a computerised solution developed specifically for facility management. It integrates various functions

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