In the News

Lease Accounting – Making the Headlines

The new lease accounting standards introduced in early 2016 by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have been making headlines in the US and International press.  From the Wall Street Journal and Financial Times to Accounting Web and Accounting Today, the discussion of how “the biggest accounting change ever” will impact the balance sheets, executive compensation and debt covenants of Global 2000 companies has become a topic for board directors, shareholders and ratings agencies.

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Press Releases

LeaseAccelerator to Speak about Enterprise Lease Accounting Software at Financial Leaders Conference

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CEO Michael Keeler to Offer Best Practices on Software Selection to Comply with ASC 842 and IFRS 16

PHILADELPHIA, June 28, 2017 — LeaseAccelerator announced today that its CEO, Michael Keeler, will participate in a panel at today’s Financial Executives International (FEI) 2017 Accounting Change for Financial Leaders conference.  LeaseAccelerator will participate along with major accounting firms and other software vendors in discussions focused on the selection and implementation of Enterprise Lease Accounting Software to support the new standards, ASC 842 and IFRS 16.  Panelists will provide recommendations on key functional and technical specifications for the software as well as critical success factors for implementation.

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Asset Level Lease Accounting Webinar to be Hosted by LeaseAccelerator

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Experts to Explain Why Asset Level Lease Accounting is Required to Comply with the New ASC 842 and IFRS 16 Standards

GREAT FALLS, Va. – March 27, 2017 – LeaseAccelerator announced today that it will be hosting an educational asset level lease accounting webinar explaining its role in implementing ASC 842 and IFRS 16. The new lease accounting standards, introduced last year, will require companies to track real estate, equipment, and embedded leases as assets and liabilities on their balance sheets by end of 2018.

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Two-Thirds of Large Companies Finding New Lease Accounting Standards More Complex than Anticipated

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One Year After the Introduction of FASB’s ASC 842, Top Challenges include Modifying Business Processes, Collecting Data and Deploying Software

GREAT FALLS, Va., Feb. 27, 2017 — LeaseAccelerator, the leader in Enterprise Lease Accounting Software, announced the results of a Progress Report study gauging the readiness of large companies to support the new lease accounting standards (ASC 842) one year after their initial publication. The research study, conducted earlier this month, surveyed over 250 respondents in the accounting and finance functions at large public and private US-based corporations.

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LeaseAccelerator CEO to Speak on Lease Accounting Panel at CFRI Conference

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CEO Michael Keeler will Discuss How Enterprise Lease Accounting Software is a Critical Component to a Successful Journey towards ASC 842 Compliance

NEW YORK, November 15, 2016 — LeaseAccelerator announced today that its CEO, Michael Keeler, will participate in a panel today at Financial Executives International’s (FEI) Current Financial Reporting Issues (CFRI) Conference. The new lease accounting standards issued earlier this year will require organizations to face the challenging task of analyzing their leasing arrangements to ensure they are ready to comply at the time of adoption.

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LeaseAccelerator CEO to Speak at FEI New Lease Accounting Standards Conference

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CEO Michael Keeler will Discuss Systems, Tools and Software Applications to Implement New FASB and IFRS Standards

IRVINE, Texas, June 14, 2016 — LeaseAccelerator announced today that its CEO, Michael Keeler, will participate in a panel at the upcoming Financial Executives International (FEI) New Lease Accounting Standard Conference. Issued earlier this year, the new standards, FASB ASU 2016-02 (or Topic 842) for US GAAP and IFRS 16, will require companies to track virtually all real estate, equipment leases, and leases embedded in service agreements as assets and liabilities on their balance sheets starting as early as 2019.

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LeaseAccelerator and Riveron Consulting to Co-Present in ClearLaw Institute Webinar on New Lease Accounting Standards

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Lease Accounting Experts to Recommend Best Practices for Implementing FASB’s New Rules

GREAT FALLS, Va. and WASHINGTON, D.C. – June 6, 2016 – LeaseAccelerator and Riveron Consulting announced today that they will be co-presenting on a forthcoming ClearLaw Institute Webinar about the new lease accounting standards. Issued earlier this year, the new standards, FASB ASU 2016-02 (or Topic 842) for US GAAP and IFRS 16, will require companies to track virtually all real estate and equipment leases as assets and liabilities on their balance sheets starting as early as 2019.

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New Study Finds Most Companies Lack Systems and Processes to Comply with New Lease Accounting Standards

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Study Finds Companies Heavily Dependent on Spreadsheets for Managing Equipment Leases and Large Companies Have Greatest Risks

GREAT FALLS, Va., May 11, 2016 — LeaseAccelerator, the leader in Equipment Lease Management software, announced the results of a market readiness survey for the new lease accounting standards.  The first research study to be completed since the Financial Accounting Standards Board (FASB) announced ASU 2016-02 (ASC 842), surveyed financial professionals about their state of readiness for the new leasing standards.  The survey also asked respondents to assess the maturity of their processes and systems for managing leased equipment such as aircraft, trucks, forklifts, laptops and data center gear.

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LeaseAccelerator Announces FASB ASC 842 and IFRS 16 Compliant Lease Accounting Software

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New Release Enables Fortune 500 Companies to Meet Requirements of New Lease Accounting Standards

GREAT FALLS, Va., April 18, 2016 — LeaseAccelerator, the leader in Equipment Lease Management software, today announced a new release featuring updated functionality to support the new lease accounting standards introduced by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). With support for FASB ASC 842 and IFRS 16, LeaseAccelerator customers can now confidently comply with the financial reporting requirements of the U.S. Securities and Exchange Commission (SEC) and other international regulators in time for the 2019 implementation deadlines.

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“Pain Scale” Helps Companies Understand the Biggest Challenges with New Lease Accounting Standards

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Helps Fortune 500 Companies Identify 10 Most Complex Tasks Needed to Comply with FASB ASC 842

Great Falls, Va., March 1, 2016 LeaseAccelerator, the leader in Equipment Lease Management software, today introduced a new pain scale for Fortune 500 companies to assess the key challenges for complying with the new FASB ASC 842 Lease Accounting Standards. The new standards introduced earlier today will require companies to transfer their operating leases, previously only disclosed in the footnotes of their financial reports, onto their balance sheets starting in 2019.

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New Study Identifies Companies Most Impacted by New FASB & IFRS Lease Accounting Rules

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Report Published by LeaseAccelerator Highlights Which Companies Will Have the Greatest Dollar Value of New Liabilities Added to their Balance Sheet

GREAT FALLS, Va., January 26, 2016 — LeaseAccelerator, the leader in Equipment Lease Management software, published today a report listing the off-balance sheet lease obligations of the 500 largest US public companies. The report, entitled “Who is Most Impacted by the New Lease Accounting Standards?” aims to provide greater awareness of the potential impact of the new lease accounting standards.

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