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.
Designed for Controllers and CFOs, this guide outlines the steps you should take in the first 90 days to get your lease accounting project started. Learn how to: understand the biggest implementation challenges; assess your existing processes; and take an enterprise wide census of your leases.
Learn how our 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.
Download this New Lease Accounting Standards Handbook to understand how to comply with the forthcoming FASB ASC 842 lease accounting changes while also driving savings. The handbook includes a summary of the FASB and IFRS rules as well as real world accounting examples.
The new lease accounting standards (FASB ASC 842 and IFRS 16) are here. In the next few years companies will need to get much more sophisticated systems and controls in place for all of the real estate and equipment leases.