All Posts By

Shiloh Paul

White Paper | The Hidden Costs of Lease Accounting

By | Download

In this white paper, we discuss the major unanticipated costs of maintaining compliance under the new lease accounting standards. We outline several common scenarios companies may find themselves in that could introduce risk if not properly handled, as well as the options companies have for addressing these issues.

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Maintaining Lease Accounting Data

Learn how to ensure your data is current with the most accurate and complete information on day two and beyond.

Asset Level Lease Accounting White Paper

Learn what asset-level accounting is and why it’s required by the new lease accounting standards.

Lease Accounting Software Evaluation Guide

The Evaluation Guide includes a comprehensive checklist of features for real estate and equipment lease accounting and administration.

LeaseAccelerator named finalist for ACG National Capital’s 2019 Corporate Growth Awards

By | Press Releases

RESTON, Va. – May 13, 2019 – LeaseAccelerator, the pioneer in Enterprise Lease Accounting software, has been named as a finalist for Deal of the Year: Under $50M category for ACG National Capital’s 2019 Corporate Growth Awards. The awards recognize the successful achievements of leading executives, investors, and transaction teams in the DC metro region. Winners will be announced on May 14that the Ritz-Carlton Tysons Corner Ballroom in McLean, VA.

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Award | HFS Research Hot Vendors 2019 Q1

By | Uncategorized

Published in HFS Research April 2019

Principle Analysts: Hema Santosh, Principal Analyst

HFS recognized LeaseAccelerator for its innovation in the Enterprise Lease Accounting software category, helping companies transfer billions of dollars of operating leases onto corporate balance sheets to comply with the new ASC 842 and IFRS 16 standards. Hot Vendors are selected based off of their offerings’ distinctiveness, ecosystem robustness, client impact, and financial position.

LeaseAccelerator to host fourth annual lease accounting summit in Texas

By | Press Releases

FORT WORTH – May 7, 2019 – LeaseAccelerator, the pioneer in Enterprise Lease Accounting software, announced today that it is the lead sponsor of the fourth annual Enterprise Lease Accounting Summit at The Worthington Renaissance in Fort Worth, TX on June 12. Home to many of LeaseAccelerator’s Fortune 1000 customers, the Dallas/Fort Worth area is a central location to discuss an issue that is critical to financial reporting. The summit will focus on helping financial, accounting and IT professionals successfully transition to the new ASC 842, IFRS 16 and GASB 87 standards.

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Checklist | 90 Days Until the IFRS 16 Lease Accounting Deadline

By | Apps

90-Day Countdown Checklist

For the New Lease Accounting Standards

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Get Access to the Checklist

The Lease Accounting 90 Day Checklist

If your deadline for the new lease accounting standards is less than 90 days away, chances are widespread panic is beginning to set in. Most companies are behind schedule either because they underestimated the level of complexity associated with adoption or because of the ripple effects of delays in related projects such as revenue recognition. To help companies in their final transition efforts, LeaseAccelerator prepared a list of the 90 Things Lease Accounting Teams Need to Do in the 90 Days Before the Deadline.

Accounting Strategy

Have you finalised all of your accounting policy documents, practical expedient elections, and transition strategies?

Test Planning

Have you tested all the variations of lease payments, terms, and clauses most common to your portfolio?

Process Changes

Have you updated your record-to-report, monthly close, and quarterly close processes?

User Training

Have you trained all the lease administrators and accountants that will be using the system?

Centers of Excellence

Have you fully staffed, trained, and enabled the accountants in your center of excellence?

Policies and Controls

Have you instituted the new controls needed to satisfy financial audits?

Systems Updates

Have you provisioned user accounts, configured reports, and validated accounting outputs?

Audit Committee

Have you updated the CEO, CFO, and audit committee on risks and issues?

Data Collection

Have you finished cleansing, reconciling, and uploading your leasing data?

Disclosures

Have you identified required disclosures for your annual and quarterly filings?

Checklist | 90 Days Until the IFRS 16 Lease Accounting Deadline

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Just starting your IFRS 16 and AASB 16 implementation project? This guide gives you the must-take steps for a successful first 90 days.

Lease Accounting Software Evaluation Guide

The Evaluation Guide includes a comprehensive checklist of features for real estate and equipment lease accounting and administration.

Learn how this global Fortune 500 company based in the U.S. successfully brought their lease portfolio under control and generated savings.

Expert Guide | How to Get Started with AASB 16

By | Guides

How to Get Started with Lease Accounting

A Financial Controller’s Guide to the First 90 Days of the AASB 16 Project

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Get Access to the Guide

Help Navigate the First 90 Days

  • Understand the Biggest Technical Accounting Challenges
  • Assess your Existing Systems, Processes, and Controls
  • Take an Enterprise-Wide Census of Your Leases

Answer the Key Questions

  • Who to Include on the Project Team
  • How Long Implementation Will Take
  • How to Budget for the Project

The First 90 Days

The end goal of the new lease accounting standards is to provide investors with more transparency around your leasing contracts. Operating leases, which have historically been off- balance sheet will now be treated as assets and liabilities on the balance sheet under AASB and IFRS 16. Operating leases represent the majority of leases for 93% of companies.

The challenges with these new standards should not be underestimated. In fact, some have called the new leasing standards the “biggest accounting change ever.” The International Accounting Standards Board estimates that over $2 Trillion in liabilities will move onto corporate balance sheets during this transition.