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.
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
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
The Financial Accounting Standards Board, or FASB, has made decisions it hopes will reduce costs and ease the burden for companies working to adopt new lease accounting rules known as ASC Topic 842. In response to feedback about the effort required to reflect the new
A quick recap for those not already familiar with the new lease accounting standards: organizations worldwide are required to bring most leases on-balance sheet as obligations and liabilities by January of 2019.
The new lease accounting standards, IFRS 16 and ASC 842, are the result of a joint effort between the IASB and FASB to meet the objective of improved transparency, comparability and financial reporting requirements.
As the go-live date for the new lease standards (ASC 842 & IFRS 16) is approaching fast, businesses should consider the practical expedients available to ease the burden of adoption and transition.
Spreadsheets are an accountant’s best friend. The flexibility that a spreadsheet offers is fairly compelling and it’s no wonder it’s the first solution that comes to mind when thinking of complex calculations. It is then no surprise that businesses have been looking to spreadsheet solutions
New cloud-based lease management and accounting platform supports regulatory compliance for enterprise organizations MONTREAL, CANADA, June 4, 2020 – Nakisa, a global technology company specialized in enterprise business solutions, announced the launch of Nakisa Lease Administration for Lessor Accounting today. A cloud-based lease management and accounting
