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
The post announces the release of Nakisa Lease Administration version 5.1, which delivers several new enhancements including improved reporting capabilities, new user management features for roles and audit trails, and updates to support stronger compliance with lease accounting standards like IFRS 16 and ASC 842.
MONTREAL, Canada – July 8, 2019 – Nakisa today announced the latest release of Nakisa Lease Administration, which helps global organizations comply with new lease accounting standards by automating, centralizing and simplifying lease accounting operations. The latest release offers key additions to the accounting and administration
Oracle Financials Cloud Customers Can Use Nakisa Cloud Connector for Oracle to simplify integration, reduce risk and support compliance with IFRS 16 and ASC 842 Montreal — 06/25/2019 – Nakisa, a Gold level member of Oracle PartnerNetwork (OPN), today announced that Nakisa Lease Administration has achieved
