Are you ahead of schedule or behind schedule on your ASC 842 lease accounting project? Benchmark yourself against your peers by reviewing our 2017 Progress Report, published on the one-year anniversary of FASB’s new leasing standard. Over 250 finance professionals provided their progress on key tasks such as resource staffing, budget approval, data collection and software selection.
Read IDC’s Market Spotlight report on the new Enterprise Lease Accounting Software Market. This IDC Market Spotlight examines the ramifications of IFRS 16 and ASC 842 on companies. The paper also looks at the role of lease accounting software in meeting these strategically important business process and financial statement reporting requirements.
Review the findings from the first National Lease Accounting conference held in the US. Get perspectives from the Big Four, Software Vendors, Lessors and Lessees on issues such as technical accounting, implementation strategies and software vendor selection.
Are Fortune 500 companies ready for the new lease accounting standards? Will they be ready for what has been called “the biggest ever accounting change” by the 2019 deadline?
In March of 2016, we surveyed finance, treasury and accounting professionals to find out what their state of readiness was. We asked questions like:
- How much pain are companies anticipating with the implementation? Will this be worse than a root canal?
- Do companies know what equipment they are leasing and where it is?
- Who really owns equipment leasing programs at large companies? Procurement? Treasury? Accounting? No one?
- What systems are being used to track equipment leases? ERP? Real Estate? Spreadsheets? File Cabinets?
- What is at stake if companies cannot comply with the new accounting standards? Higher TCO? Weakened Cash Flows?
Download the study results to find out what they said.
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Learn More about the New Lease Accounting Standards
White Papers, Handbooks and Research Studies
With the deadlines for the new lease accounting standards approaching quickly, many companies are asking how software can help automate the tasks required for the transition period. US GAAP filers adopting ASC 842 will be required to provide three years of comparative reporting.
Learn the differences between contract-level and asset-level lease accounting in this technical white paper. Review examples of the impact of asset-level decisions, judgments and events for material handling, data center and IT equipment.
Considering Lease Accounting Software to comply with the new FASB or IFRS standards? Download this eBook to understand the potential time and cost savings opportunities resulting from automation of lease classification and financial reporting.
The new lease accounting standards (FASB ASC 842 and IFRS 16) are here. Which US Public Companies will be most impacted by the transfer of operating leases onto their corporate balance sheets? Download this report to find out.