In the News

Lease Accounting – Making the Headlines

The new lease accounting standards introduced in early 2016 by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have been making headlines in the US and International press.  From the Wall Street Journal and Financial Times to Accounting Web and Accounting Today, the discussion of how “the biggest accounting change ever” will impact the balance sheets, executive compensation, and debt covenants of Global 2000 companies has become a topic for board directors, shareholders, and ratings agencies.

Press Releases

LeaseAccelerator CEO to Share Guidance on Technology Strategies and Executive Buy In at Lease Accounting Event

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RESTON, Va.– May 15, 2018 – LeaseAccelerator, the pioneer in the Enterprise Lease Accounting software market, will join Bloomberg Tax and Deloitte on May 17that Lease Accounting Standard: A Way Forward. The daylong conference will bring together chief financial officers, controllers, financial accountants, auditors, analysts and other accounting professionals for a discussion on the challenges, breakthroughs and potential regulatory changes in the new lease standard.

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LeaseAccelerator and RSM to provide end-to-end lease accounting solution for middle market

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RESTON, Va.– May 9, 2018 – LeaseAccelerator, the leading provider of Enterprise Lease Accounting software, announced today that RSM US LLP (“RSM”)has joined its global partner program. RSM is the nation’s largest provider of audit, tax and consulting services focused on the middle market with more than 9,000 professionals in 90 cities across the US. To support the recent wave of major accounting changes being introduced by the standards boards, RSM has developed a lease accounting practiceto assist clients with assessment, strategy, implementation and adoption management for ASC 842 projects.

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SAP-Centric Companies Choose Software-as-a-Service for Enterprise Lease Accounting

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RESTON, Va.– April 25, 2018 – LeaseAccelerator, the pioneer in the Enterprise Lease Accounting software market, announced today that 10 new SAP-centric companies have recently selected its SaaS application to comply with the new lease accounting standards. Currently used by Dow Chemical, Lyondellbasell Industries, Northrop Grumman and Owens Corning, LeaseAccelerator supports real estate and equipment leases in a single subledger that can be integrated to one or many instances of SAP ERP.

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LeaseAccelerator and Genpact to present Oracle Lease Accounting Strategies at COLLABORATE 2018

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LAS VEGAS, Nev. – April 20, 2018 – LeaseAccelerator will be co-presenting with Genpact at the Oracle Application User Group (OAUG) COLLABORATE 18 Conference in Las Vegas on April 23rdto discuss best practices for ASC 842 compliance. With less than nine months remaining until the initial deadlines for the new lease accounting standards (ASC 842 and IFRS 16), Oracle-centric companies will find implementing an ASC 842 project to be one of the top finance initiatives of 2018.

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Recent SEC disclosures stress balance sheet impact of new lease accounting standards

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RESTON, Va. – April 17, 2018 – LeaseAccelerator, the pioneer of the Enterprise Lease Accounting software category, announced today the release of the first SAB 74 Disclosure Analysis for Lease Accounting report, an assessment of recent SEC filings related to the adoption of ASC 842. The report includes comments issued by the 100 US companies with the largest dollar value of leasing obligations.

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LeaseAccelerator chosen by ten new Oracle-centric companies for ASC 842 compliance

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RESTON, Va. – April 12, 2018 – LeaseAccelerator, the pioneer of the Enterprise Lease Accounting software category, announced today that ten new Oracle-centric companies have selected its SaaS application to comply with the new ASC 842 and IFRS 16 standards. Currently used by Arconic, Alcoa, ATI, Cummins, Herbalife and Salesforce.com, LeaseAccelerator supports real estate, equipment and embedded leases in a single, global subledger. The subledger can be quickly, easily and securely integrated to one or many versions of Oracle’s ERP platforms, including Oracle E-Business Suite, PeopleSoft, JD Edwards and their new Fusion applications.

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LeaseAccelerator and RGP to host expert panel webinar on ASC 842

By | Press Releases

RESTON, Va. — March 20, 2018 – LeaseAccelerator, the pioneer in Enterprise Lease Accounting software, announced today that it will co-host a webinar with RGP on the new lease accounting standards. Experts from both firms will answer questions about the more challenging aspects of the ASC 842 standard including topics such as data collection, systems selection, financial controls, embedded leases, disclosure requirements, and transition accounting.

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