Starting Off on the Right Foot: The Importance of Comprehensive, Accurate Data Collection
The importance of comprehensive accurate lease data collection on lease accounting under IFRS 16 and ASC 842 standards
Finance
Your Guide to Being a SAPPHIRE High-flyer
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
The Clock’s Ticking. Are You Ready for the New Lease Accounting Standards?
“Time is on my side, yes it is.” It’s a great sentiment. But the Rolling Stones obviously weren’t writing about the upcoming IFRS 16 and ASC 842 lease accounting standards when they wrote their classic song. With only a little more than six months until
Choosing the right IFRS 16 adoption method – Retrospective or modified retrospective
Choosing the right adoption method for new accounting standards is crucial for compliance and financial accuracy. Delve into the advantages and challenges of each method, and determine which method best fits your business needs for a smooth transition.
Accelerating Compliance: Can the Cloud Help You Make Your Compliance Deadlines?
In 2016, the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) issued new requirement standards for lease accounting: IFRS 16 & ASC 842, which must be implemented by 2019.
Benefits and challenges of the 4-4-5 calendar
Explore how the 4-4-5 calendar can streamline financial processes, improve budget accuracy, and simplify fiscal period comparisons. While offering significant benefits, it also introduces challenges, such as system adjustments and complexities in transitioning from a traditional calendar. Dive into the details and learn how to
Gain without the Pain: Ensuring Merger and Acquisition Success
If you are a HR professional with a background in mergers and acquisitions, you will know all too well how disruptive the process can be. And, with the time consuming legal and financial aspects to manage, employees can sometimes become a last consideration.
How to identify embedded leases within contracts
This article addresses the challenges of identifying embedded leases within contracts when adopting the IFRS 16 and ASC 842 lease accounting standards. It emphasizes the need for robust processes and tools to determine if a contract contains an embedded lease according to the requirements of
Adoption Planning and Audit Readiness Go Hand in Hand
Only a few weeks remain before public companies face the next quarterly requirement to disclose their progress in adopting new lease accounting rules, IFRS 16 and/or ASC 842. With that clock ticking, now is an opportune time to assess not only the status of your
