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
Nakisa to expand product suite with IMNAT’s innovative cloud-based real estate management solution. MONTREAL, CANADA, Tuesday, November 24, 2020 / – Nakisa, a self-funded, privately-held global technology company specialized in enterprise business solutions, announced today the acquisition of Montreal-based IMNAT Software, a cloud-based real estate management
Montreal – 3/9/2020 – Nakisa, an SAP partner, announced today that they will participate at the SAPPHIRE NOW and ASUG Annual Conference being held May 12 – 14 in Orlando, Florida. The company will showcase their enterprise solutions, Nakisa Lease Administration for lease accounting, and Nakisa
Union Pacific Corporation, an historic and leading transportation company, and the premier railroad franchise in the United States. With over 37,000 employees and a $3.8 billion payroll, Union Pacific chose to work with Nakisa Hanelly to serve their organizational design and transformation purposes. Nakisa Hanelly
Nakisa and Amer Sports discuss best practices for adopting a centralized lease accounting process in the cloud for compliance with IFRS 16 MONTREAL, CANADA, Wednesday, July 22, 2020 — Nakisa, a global technology company specialized in enterprise business solutions, announced today that they are hosting a
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
