Learn more about the latest enhancements of Nakisa Lease Administration's 2021 R1 release, designed to streamline operations, manage global assets, and ensure compliance, including a local GAAP framework for precise reporting, a Global Asset Tracker for comprehensive portfolio management, and a Data Quality and Integrity Report for monitoring accuracy....
Discover the origins and evolution of Nakisa’s cloud-native commercial real estate management software, <a href="/products/commercial-real-estate-management-software/">Nakisa Real Estate</a>, formerly IMNAT Software’s InfoSite. This solution provides a comprehensive real estate management platform for global enterprises to centralize data, automate workflows, offer real-time analytics, and integrate with Nakisa's lease accounting. ...
The R2 2020 release of Nakisa Lease Administration introduces the Intercompany Asset Transfer functionality, enabling users to easily transfer lease assets between companies without triggering asset disposal, thus maintaining compliance with lease accounting standards....
Gain insights into the specific lease accounting guidelines under German GAAP, including the criteria for classifying leases as finance or operating leases, and the accounting treatment for finance leases from both the lessee's and lessor's perspectives....
This blog explores the critical lease accounting challenges companies face during turbulent periods and how a robust lease accounting software solution can help address them....
Learn more about the implications of ASC 842 lease accounting rules on impairment testing for oil and gas companies across upstream, midstream, and downstream operations....
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....
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....
This blog covers the complexities involved in properly identifying and calculating the different types of lease payments included in the lease liability under the IFRS 16 and ASC 842. It discusses how a specialized lease accounting solution can streamline these calculations and modifications while maintaining compliance....
This blog covers the three main areas ITGC focuses on and explores how software like Nakisa can support ITGC implementation through features such as user roles, audit trails, and automated processes....
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....
Explore three crucial considerations for companies in the chemicals industry when implementing the IFRS 16 and ASC 842 lease accounting standards, and learn how technology solutions can streamline accounting strategies and compliance efforts under these guidelines....
