To separate or not separate – That is the question creating anxiety for many technical accountants around the world as they implement the new leasing standards. Understand the pros and cons of taking this important policy election in our short eBook.
What items will external auditors be focused on after the implementation deadline for lease accounting? There has been little guidance published by the big four firms yet. However, one topic that is raised by auditors at almost every lease accounting conference is the importance of completeness.
Few companies have given significant consideration to the processes required for maintaining lease accounting data on Day Two and beyond. How will you ensure that your lease accounting system is kept current with the most accurate, complete, and up-to-date information about leases?
Success with your ASC 842/IFRS 16 project will require you to keep your leasing information accurate, complete, and up-to-date. Learn which systems you will need to source data from to identify new leases and track changes to existing contracts. Understand which downstream systems need lease accounting information, such as journal entries and depreciation expenses.
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.
The industry’s most comprehensive guide to collecting your lease accounting data. Follow our 10-step methodology to understand what data you need, where to find it, how to abstract it, and how to clean it up. Over 50 pages of best practices and diagrams illustrate the process step by step.
Learn how our Enterprise Lease Accounting functionality is one of the fastest ways to transition to the new lease accounting standards. This brochure will explain the implementation deadlines, differences between real estate and equipment leases, and key systems that need to be integrated with lease accounting.