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.
Looking for cost savings in your corporate real estate portfolio? Read this guide to learn the ten strategies for reducing costs through better real estate lease administration. Topics include uncollected subtenant rent, overdue security deposits, forfeited tenant allowances, and missed renewal dates.
This guide reviews the five keys to success with your lease accounting project. Planning for these steps at the start will increase your project speed and reduce your chances of having to repeat a project phase later.
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.
No organization can be more helpful to automating the lease accounting process than the Procurement team, yet few companies have engaged them in their project efforts. Download this eBook to learn how Procurement can help accounting teams to identify new leases, track lease renewals, and automate the collection of the necessary data fields.