Explore latest insights, tips, and trends on transition accounting from Nakisa
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
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.
It’s 2019. And that means the new lease accounting standard ASC 842 has officially taken effect.
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
According to a 2017 report from Ernst and Young, “The new lease accounting standards could have far-reaching implications for oil and gas entities. The impacts go beyond accounting, to commercial decision-making and strategic financial decisions.”
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.
