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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 ASC 842, IFRS16, Leasing Solution, RLCS, SAPLeaseAdmin

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

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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-Hot-Tips, leasing, ASC 842, IFRS16

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.

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Companies Need Holistic Approach to Lease Accounting Compliance

Tue, Jun 5, 2018 @ 03:36 AM / by Bramasol Leasing Administration Team posted in Leasing-Hot-Tips, ASC842, IFRS16

A recent article in Accounting Today provides an excellent view of how companies in many industries are moving toward compliance with the new lease accounting standards, ASC 842 and IFRS 16.

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General Availability for New Version 4.0 of SAP Lease Administration by Nakisa

Tue, May 29, 2018 @ 07:29 AM / by Bramasol Leasing Administration Team posted in Leasing-Hot-Tips, SAPLeaseAdmin, ASC842, IFRS16

Nakisa, Bramasol's partner for leasing solutions, has announced general availability of the new 4.0 version of Lease Administration by Nakisa.

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New Rapid Compliance Solution for Lease Accounting Standards ASC 842 and IFRS 16

Tue, May 15, 2018 @ 12:00 AM / by Bramasol Leasing Administration Team posted in Leasing-Hot-Tips, RLCS, SAPLeaseAdmin, IFRS16, ASC842

Bramasol, the leader in compliance and finance innovation solutions, has announced a new, purpose-built product that reduces complexity and implementation costs, to give companies across a variety of industries a ready-to-deploy solution for lease accounting disclosure reporting and compliance.

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Watch how Bramasol helped a Leading Multinational Retail Giant comply with Leasing Standards ASC 842 and IFRS 16

Thu, Apr 5, 2018 @ 05:50 AM / by Bramasol Leasing Administration Team posted in ASC842, IFRS16, SAPLeaseAdmin, Leasing Solution

The customer is a Leading Global Organization and Multinational Retailing Corporation with annual revenues in excess of US$480 billion and which is one of the largest private employer in the world with over 2 million employees. As an international company, our customer is impacted by the new lease regulations ASC842 and IFRS16 that will take effect from January 2019.

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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.

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Download eBook - Transitioning to ASC 842: Why Robust Analytical Reporting Tools will be a must for all Entities

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