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Lease Accounting Readiness Study

By | Research, White Papers

How Do You Measure Up?

How Do Your Systems, Processes and Controls Compare to Fortune 500 Companies?

Are Fortune 500 companies ready for the new lease accounting standards? Will they be ready for what has been called “the biggest ever accounting change” by the 2019 deadline?

In March of 2016, we surveyed finance, treasury, and accounting professionals to find out what their state of readiness was. We asked questions like:

  • How much pain are companies anticipating with the implementation? Will this be worse than a root canal?
  • Do companies know what equipment they are leasing and where it is?
  • Who really owns equipment leasing programs at large companies? Procurement? Treasury? Accounting? No one?
  • What systems are being used to track equipment leases? ERP? Real estate? Spreadsheets? File cabinets?
  • What is at stake if companies cannot comply with the new accounting standards? Higher TCO? Weakened cash flows?

Download the study results to find out what they said.

Lease Accounting Readiness Study

Learn More about the New Lease Accounting Standards

White Papers, Handbooks, and Research Studies

Leasing Guides

Expert Guide | Private Companies – How to Get Started

| Accounting, Featured, White Papers | No Comments
Learn how to identify implementation challenges, assess your existing processes, and take an enterprise wide census of your leases.

Expert Guide | Separating Lease and Non-Lease Components

| Accounting, Guides, Real Estate | No Comments
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…
Lease Accounting Audit Completeness eBook

Expert Guide | Lease Accounting Audit Completeness

| Accounting, Day Two, Guides | No Comments
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…