As leasing arrangements continue to become more diverse and entail complex cross-integration requirements for managing leases within bundled Digital Solutions Economy offerings, it is increasingly important for lessor companies to have a comprehensive understanding of the compliance issues both for lessor accounting under ASC 842 and revenue recognition under ASC 606.
eBook- Lessor Accounting Considerations Under ASC 842
Wed, Dec 15, 2021 @ 01:27 AM / by John Froelich posted in leasing, ASC 842, SAPCLM, lessor, DSE, Lease Accounting
Lease Accounting Optimization with Contract and Lease Management (CLM): How to move beyond the roadblocks created by sub-optimal compliance methods.
Wed, Dec 2, 2020 @ 06:28 AM / by David Fellers posted in Leasing Solution, ASC 842, CEO perspective, Thought Leadership, CLM
As we move into 2021, companies are finalizing their plans, budgets and operational improvement processes for the coming year. One of the key challenges that many organizations face is how best to optimize and integrate their ASC 842 / IFRS 16 compliance within their overall business systems.
New purpose-built CLM Rapid Solution for Lease Accounting Standards ASC 842 and IFRS 16
Tue, Jun 2, 2020 @ 08:38 AM / by Bramasol posted in IFRS16, Leasing Solution, ASC 842, sap clm
As a leader in compliance and finance innovation, Bramasol has introduced a new purpose-built CLM Rapid Solution that enables companies like you to quickly get up and running for ASC 842 or IFRS 16 compliance. It leverages the power of the industry’s leading leasing solution, SAP CLM, and combines it with Bramasol’s deep experience to provide a quick start that can get you up and running in 8 weeks instead of months or years and for a price that you can afford.
Podcast- ASC 842 Compliance for Private Companies
Thu, Jan 30, 2020 @ 06:09 AM / by Bramasol Leasing Administration Team posted in SAP, IFRS16, Leasing Solution, ASC 842, Compliance, podcasts
Listen to the latest podcast in Bramasol's Insights to Action series.
In this episode, John Scott, Senior Technical Accounting Adviser at Bramasol, shares insights of ASC 842 that applies to private companies and key issues that need to be addressed in order to succeed.
New Leasing eBook- Tips and Strategies for Estimating the Lease Term
Fri, Dec 7, 2018 @ 07:55 AM / by Bramasol Leasing Administration Team posted in leasing, SAPLeaseAdmin, ASC 842, Hot Tips
In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02 ( “ASC 842”), Leases, which provides new guidelines that change the accounting for leasing arrangements.
The new leasing standard becomes effective in fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, for:Webinar Video : ASC 842 Leasing Disclosures: More Than Compliance – Insights To Action
Mon, Sep 17, 2018 @ 06:07 AM / by Bramasol Leasing Administration Team posted in leasing, ASC 842
If you thought ASC 842 Disclosures were just to make the SEC happy, think again. Leveraging Bramasol’s Disclosure reports and analytics on SAP S/4 can provide you with insights into your lease portfolio. Manage costs, understand interest rates and view your portfolios globally so you can have real insights into your leased asset portfolio.
New eBook: Transitioning to ASC 842 using the Portfolio Approach to Group Leases
Mon, Aug 13, 2018 @ 11:11 AM / by Bramasol Leasing Administration Team posted in Leasing-Hot-Tips, ASC 842
With less than five months remaining until January 2019, when public companies have to comply with new leasing standards, ASC 842 and IFRS 16, your implementation plans should already be well underway.
eBook - Real Estate Leases Accounting and Business Considerations for Implementation under ASC 842 / IFRS 16
Tue, Jul 31, 2018 @ 04:56 AM / by Bramasol Leasing Administration Team posted in SAPLeaseAdmin, IFRS16, RLCS, Leasing Solution, ASC 842
In February 2016, the Financial Accounting Standards Board
(FASB) issued Accounting Standards Update (ASU) 2016-02 (“ASC 842”) Leases, which provides new guidelines that change the accounting for leasing arrangements. The new leasing standard becomes effective in fiscal years beginning after December 15, 2018
Understanding and applying incremental lease borrowing rate analyses under ASC 842
Tue, Jul 17, 2018 @ 04:57 AM / by Julio Dalla Costa posted in leasing, Leasing-Hot-Tips, SAPLeaseAdmin, ASC 842
In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02 ( “ASC 842”), Leases, which provides new guidelines that change the accounting for leasing arrangements.
Transitioning to ASC 842, Where are all your company’s lease documents?
Tue, Jul 10, 2018 @ 02:33 AM / by David Ogletree posted in leasing, Leasing-Hot-Tips, IFRS16, ASC 842
The new lease accounting standard ASC 842 is effective for public companies beginning January 1st, 2019. The primary purpose of the standard was to address the fact that most operating leases are deemed off balance sheet financing arrangements and currently are only disclosed via a company’s financial footnotes in the “Commitments and Contingencies” footnote.