Issued by the IASB (International Accounting Standards Board), IFRS 16 & ASC 842 lease accounting requirements go into effect starting on January 1, 2019. The new standards require extensive reporting detail and have the potential for major impact on companies' balance sheets and income statements. Industry experts advise companies with large lease portfolios to allow significant time in advance of the deadline to identify, compile, and evaluate lease contracts.
Bramasol Leasing Administration Team
Recent Posts
Video: New Lease Accounting Standards Get Ready for Compliance
Wed, Jan 31, 2018 @ 06:12 AM / by Bramasol Leasing Administration Team posted in leasing
FASB Proposes Improvements to Lease Standard Implementation
Mon, Jan 8, 2018 @ 05:07 AM / by Bramasol Leasing Administration Team posted in Leasing-Hot-Tips
On January 5, 2018, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) regarding the new lease accounting standard ASC 842.
SEC Office of Chief Accountant Urges Careful Planning for Implementing ASC 842 Lease Standard
Mon, Jan 1, 2018 @ 06:44 AM / by Bramasol Leasing Administration Team posted in Leasing-Hot-Tips
With arrival of 2018, many companies are now shifting into a higher gear toward implementation of the new lease accounting standards, ASC 842 and IFRS 16.
Kick-off Meeting for New SAP Leasing User Group on December 5, 2017
Mon, Nov 27, 2017 @ 05:07 PM / by Bramasol Leasing Administration Team posted in leasing, Leasing-Hot-Tips
We are excited to announce the formation of a new SAP Leasing User Group and pleased to invite you to the first online meeting:
December 5, 2107 at 9 AM PST - 12 PM EST.
Why Lease Admin Software Must Integrate with Your ERP System
Mon, Oct 30, 2017 @ 06:16 AM / by Bramasol Leasing Administration Team posted in Leasing-Hot-Tips
As companies look ahead to achieving compliance with new lease accounting standards, ASC 842 and IFRS 16, this implementation process also provides an excellent opportunity to significantly improve overall efficiency and effectiveness of enterprise-wide lease administration methodologies.
ASC 842 and IFRS 16 Lease Accounting is Different for Real Estate vs. Equipment
Mon, Oct 9, 2017 @ 06:33 AM / by Bramasol Leasing Administration Team posted in leasing, Leasing-Hot-Tips
In 2016, the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) issued new standards for lease accounting: IFRS 16 & ASC 842, which must be implemented by 2019. Both 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.
New eBook: Lease Admin Solutions Need Scalability, Enterprise Performance and Native Integration
Tue, Oct 3, 2017 @ 10:45 AM / by Bramasol Leasing Administration Team posted in leasing, ASC842, IFRS16, Leasing Solution
In 2016, the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) issued new standards for lease accounting: IFRS 16 & ASC 842, which must be implemented by 2019. Both 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. These changes will impact virtually all companies, whether lessors or lessees.
Webinar Video: SAP Real Estate Management (RE-FX)
Tue, Sep 12, 2017 @ 01:52 PM / by Bramasol Leasing Administration Team posted in leasing
The video of the latest webinar in our series on financial management topics is now available for viewing.
Webinar Video on SAP Lease Administration by Nakisa
Fri, Sep 8, 2017 @ 08:19 AM / by Bramasol Leasing Administration Team posted in financial transformation, S/4 HANA Cloud
The video of the latest issue in our highly successful webinar series for finance professionals is now available for viewing online.
New eBook: End-to-End Management of the Lease Lifecycle
Tue, Jun 20, 2017 @ 11:50 AM / by Bramasol Leasing Administration Team posted in leasing
It is not possible to effectively manage enterprise-wide leasing activities without understanding the context of the lease lifecycle. Without this context, leasing too easily can degenerate into a disjointed series of ad hoc decision points with a high risk of key information falling through the cracks.