I am first and foremost a technology geek and a product manager. I love using technology to solve complex problems. The last couple of years have been really special to me, I have had the chance to work on something amazing with our Lease Accounting solution, thanks to a great team and my Chief Technology Officer....
As we reach mid-2019, public companies are wrapping up their compliance efforts for the new ASC 842 and IFRS 16 lease accounting standards which officially took effect for public organizations in January 2019....
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....
Yes or no? To be or not to be? Chicken or egg? Nature or nurture? Vanilla or chocolate? Since the beginning of time, humans have faced important—and not so important —choices....
While the soon-to-be-implemented leasing standard IFRS 16 won’t require organizations involved with leases to raise their right hand and swear an oath, they will need to ensure they’re telling the whole truth about their leases....
Think you need superpowers to achieve IFRS 16/ASC 842 compliance? Think again.“Look up in the sky! It’s a bird! It’s a plane! It’s…” well you know the rest. The challenges facing transportation companies can be overwhelming—from pricing pressures to rapid shifts in technology to regulatory changes....
Whether you bear responsibility for your compliance project or are simply part of the team, your role is fundamentally about balancing time, risk, and money with the requirements prescribed in the new lease accounting standards. In less than four month’s time, the IFRS 16 and ASC 842 accounting standards will come into effect....
Not as confident in your current lease administration process as you want to be? You're not alone. Intrigued by cloud-based applications that make credible promises of bringing order out of chaos, but concerned about data security?...
Cliché? Maybe. But it happens to be particularly true when it comes to meeting the impending compliance deadlines for the new IFRS 16 and ASC 842 lease accounting standards....
It’s been a busy couple of years for accountants preparing to report within the framework of the new IFRS 9, 15, and 16 standards, and their US GAAP equivalent ASC 326, 606, and 842. The last remaining standard to adopt is IFRS 16 (ASC 842) effective as of January 1, 2019....
The clock is ticking as organizations get set to meet the requirements of new lease accounting standards. Issued in February 2016, FASB Accounting Standards Codification (ASC) Topic 842, requires lessees to report assets and liabilities related to leases of one year or more, on the balance sheet. ...
Verify! Your tickets, schedules, and agenda. Things can change last minute and you don’t want to be late, miss an important meeting, or worse still - to find that a meeting has been cancelled and you now have a large block of time to kill wondering what you could have been doing instead....
