Explore latest insights, tips, and trends on lease accounting from Nakisa
Over the past several years—since the new standards were announced—organizations of various sizes and in various industries have been collecting and organizing important lease data, calculating obligations, and determining current right-of-use assets to ensure they are complying with the standards from the first day they
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
When Lebron James hits a three-point shot with a second to go in a playoff game or when a World Cup soccer player makes a goal in the final minutes of stoppage time, it may seem like luck or chance. It’s why sports can be
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
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.
Okay. So, we’ll spare you the cheesy 80’s music references. But for organizations still making the switch to the new IFRS 16 or ASC 842 standards, the sentiment rings true. Time is quickly running out until the January 2019 deadline.
While many companies are scrambling to meet the approaching January 2019 deadline to comply with the new IFRS 16 or ASC 842 lease accounting standards, not all are waiting until the last minute.
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)
