How to meet accounting requirements for evergreen leases under IFRS 16 and ASC 842
Learn how to navigate the accounting requirements for evergreen leases (month-to-month leases) under IFRS 16 and ASC 842 to enhance compliance and efficiency....
Nakisa Lease Administration Release 2023.R2: Maximum Usability for Lease Accounting
Find out how Nakisa’s new release streamlines lease accounting, including powerful support for non-standard calendars, multi-vendor support, and more....
GASB 87 Calculation and Accounting Example – Part 2
This post covers calculating the depreciation expense and lease liability amortization schedule under GASB 87 lease accounting. It also discusses how lease modifications require remeasuring lease liabilities, payments, and assets—a process that specialized lease accounting software can automate....
GASB 87 Calculation and Accounting – Part 1
The post walks through an example scenario to illustrate the first three steps for GASB 87 lease accounting calculations: the initial lease liability, the right-of-use asset value, and the interest expense for each period under the new lease accounting rules for government entities....
GASB 87 Lease Accounting Standard: What Is New, What Are Exceptions, How Software Can Help
This blog explores the challenges government entities face in achieving GASB 87 compliance and highlights how specialized lease accounting software can streamline the process through automated calculations, centralized data management, robust reporting, and seamless integration capabilities....
Nakisa Lease Administration – The missing link in lease accounting software
Explore how Nakisa Lease Administration software addresses the gaps identified in a PwC study concerning missing functionalities in many lease accounting solutions. These include robust auditing, reporting, workflow management, ERP integration capabilities, and support for multiple accounting standards. ...
What’s the Difference Between Real Estate and Equipment Leases?
The blog outlines five key differences between real estate and equipment leases: dollar values, data decentralization, rent calculations, administration processes, and accounting nuances. It emphasizes the need for a comprehensive solution that seamlessly handles the complexities of both lease types....
Achieving efficiencies in accounting processes post-compliance – and how technology can help
The blog post highlights the need for efficient ongoing lease accounting processes after achieving initial compliance with IFRS 16 and ASC 842 standards. It explores how purpose-built lease accounting software can streamline operations, centralize data, enhance collaboration, and integrate with ERP systems to drive efficiencies in post-compliance lease accounting....
Nakisa Lease Administration Release to Deliver New Advancements
The post announces the release of Nakisa Lease Administration version 5.1, which delivers several new enhancements including improved reporting capabilities, new user management features for roles and audit trails, and updates to support stronger compliance with lease accounting standards like IFRS 16 and ASC 842....
