Transition Accounting: How to Transition to ASC 842 Using Nakisa Lease Administration
It’s 2019. And that means the new lease accounting standard ASC 842 has officially taken effect.
Finance
Nakisa Lease Administration: What’s new in 5.0?
I am first and foremost a technology geek and a product manager. I love using technology to solve complex problems. The last couple of years have been really special to me, I have had the chance to work on something amazing with our Lease Accounting
2020 Deadline: Lease Accounting for Private Companies
As we reach mid-2019, public companies are wrapping up their compliance efforts for the new ASC 842 and IFRS 16 lease accounting standards which officially took effect for public organizations in January 2019.
Achieving efficiencies in accounting processes post-compliance – and how technology can help
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
4 Key Accounting Considerations for Oil and Gas Companies
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.”
Asset-Level vs Contract-Level Accounting? Making the Right Choice
Yes or no? To be or not to be? Chicken or egg? Nature or nurture? Vanilla or chocolate? Since the beginning of time, humans have faced important—and not so important —choices.
Not another 3-letter word: Fueling innovation and flexibility with APIs
For most CIOs in today’s cloud-focused landscape, the job is largely about creating flexibility, simplifying processes, and achieving efficiencies. An API-first approach can be an effective solution to these challenges. An API, or Application Program Interface, is really a fancy name for code that allows
The whole truth: Understanding disclosure reporting under IFRS 16
While the soon-to-be-implemented leasing standard IFRS 16 won’t require organizations involved with leases to raise their right hand and swear an oath, they will need to ensure they’re telling the whole truth about their leases.
What Happens on Day 2? Event Management Under the New Lease Accounting Standards
Over the past several years—since the new standards were announced—organizations of various sizes and in various industries have been collecting and organizing important lease data, calculating obligations, and determining current right-of-use assets to ensure they are complying with the standards from the first day they
