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Infographics

The First Quarter of ASC 842 Infographic

By | Infographics

It’s been just over six months since ASC 842 went into effect on December 15, 2018. And already 395 of the S&P 500 companies have transitioned to the new lease accounting standard. Collectively the group is reporting a total of $503 billion in operating lease liabilities and $69 billion in finance lease liabilities on their balance sheets. Below is an infographic with some interesting facts about the first 395 big companies to file a 10-Q.

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12 Enterprise Applications that Track Leasing Data Infographic

By | Infographics
As you are evaluating, selecting, and implementing lease accounting software, you will need to consider how your new application will interact with the other financial and operational systems in your IT ecosystem. There are 12 enterprise applications that typically store information about real estate or equipment leases. These applications may be an upstream source of information needed for your lease accounting. Or the applications may be a downstream target that requires regular updates from your lease accounting system.

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Lease Accounting Scavenger Hunt Infographic

By | Infographics

It’s National Scavenger Hunt day! And many accounting organizations are in the midst of a scavenger hunt of their own. Not just today, but all year-long accounting teams will be searching through file shares, document repositories and enterprise applications for copies of their leasing contracts.

If you need advice on where to find your leases check out our lease accounting scavenger hunt infographic below.

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Infographic – Lease Accounting Project Team

By | Infographics

Who should you include on your lease accounting project team? You will need to include back office functions such as Treasury, Procurement, Tax, Finance, Human Resources, and Accounts Payable. You will also need to involve the owners of leased assets such as Real Estate, Operations, Logistics, Fleet Management, and Information Technology. Read this infographic to learn the 12 groups you need to include in your lease accounting project team.

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