Alex Klein, CPA and solution consultant from LeaseAccelerator, discusses the key considerations for large companies when preparing for an audit under the new lease accounting standards. He offers suggestions for policies and controls to support both financial and Sarbanes Oxley audits.
Alex Klein, CPA and solution consultant from LeaseAccelerator, discusses the key considerations for applying transition accounting for the new leasing standards. He discusses the various policy elections and practical expedients as well as the requirements for software applications to support multiple general ledgers and comparative reporting.
Bruce Conway, vice president of lease accounting at LeaseAccelerator, discusses the challenges companies face in complying with the new lease accounting standards. He compares and contrasts the issues accounting organizations confront today with ASC 840 to the new risks being presented by ASC 842.
Scott Silver, LeaseAccelerator solution consultant, compares the evolution of lease administration in equipment today to the situation in the commercial real estate sector twenty years ago. Silver also discusses the implications for the new lease accounting standards for real estate vs equipment leasing.
Are you in the process of implementing the new lease accounting standards? Do you need a single lease accounting engine that can handle not only real estate, but also your fleet, IT, aircraft, material handling, and other equipment leases? Do you need an application that will support the US GAAP and IFRS standards, both current and future? Do you need a software package that tracks leases – not just at the schedule level, but the asset level as well?
FEI National Lease Accounting Conference
Watch a replay of the technology provider panel from FEI’s June 2016 National Lease Accounting Conference. Leasing experts from PWC, SAP, LeaseAccelerator, and Accruent discuss the challenges of implementing the new standards for real estate and various types of equipment. The capabilities, benefits, and ROI of Enterprise Lease Accounting software are also discussed.
Learn More about the New Lease Accounting Standards.
White Papers, Webinars, and Research Studies
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.
Learn the differences between contract-level and asset-level lease accounting in this technical white paper. Review examples of the impact of asset-level decisions, judgments, and events for material handling, data center, and IT equipment.
Considering lease accounting software to comply with the new FASB or IFRS standards? Download this eBook to understand the potential time and cost savings opportunities resulting from automation of lease classification and financial reporting.
Is your leasing program decentralized with buyers all over the world in different operating divisions? No problem. We’ll help you empower your buyers while giving you oversight and control. We’ll give decision makers in each country and business unit our Asset Request Form.
Trying to navigate the new lease accounting standard – FASB ASC 2016-02 (ASC 842)? While most of the new rules are straightforward, there are a few potential landmines. Watch this video to understand the biggest hidden problem with lease accounting.