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Top five webinars on Lease Accounting

Thu, Aug 26, 2021 @ 09:02 AM / by John Froelich posted in webinar, leasing, SAPLeaseAdmin, Leasing Solution, CLM, sap clm, Contract and Lease Management, Lease Accounting

Companies faced with the lease accounting compliance deadlines over the past 2-3 years opted for “quick and easy” standalone or offline approaches that emphasized basic compliance over long-term integration, efficiency, and scalability.

As a result, most of these companies are now grappling with major roadblocks when it comes to managing lease accounting compliance in relationship to overall business goals, especially when it comes to coping with dynamically changing lease portfolios.

One of the biggest shortcomings from taking the standalone solution approach is the narrow focus on cataloging existing lease portfolios and analyzing them against the new compliance criteria. In effect, this is like just taking a static snapshot of a constantly changing environment.

So, how can you overcome these shortcomings related to standalone or offline approaches?

 

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Webinar - Streamline Your Lease Accounting Processes with Accelerators for Switching to SAP CLM

Wed, Aug 11, 2021 @ 04:26 AM / by John Froelich posted in webinar, leasing, ASC842, Leasing Solution, CLM, SAPCLM, Contract and Lease Management

With the upcoming already extended deadline for the adoption of ASC 842, the new lease accounting standard in the US, many companies who have already adopted are struggling with managing the accounting under the new standard in spreadsheets or because they already chose a standalone software but are not happy with the results due to a lack of integration, causing reconciling issues or reporting inaccuracies.

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Webinar: Lessor Accounting and Automated Revenue Management (ARM) are Key for Supporting New Business Models

Thu, Jul 8, 2021 @ 04:50 AM / by Bramasol posted in webinar, SAP, leasing, SAPCLM, lessor

Watch our recently recorded webinar titled Lessor Accounting and Automated Revenue Management (ARM) are Key for Supporting New Business Models

Lessor accounting, along with integrated revenue management, are becoming more critical with the adoption of the Digital Solutions Economy (DSE) by many companies.  It is no longer a viable approach to try using standalone or offline lease accounting methods because the lack of integration with revenue and other accounting processes is too cumbersome to scale or adapt for new models.

Learn how to seamlessly execute full lessor accounting transactions including full accounting for sales type leasing, operating type leases and a decision tool that assists users with evaluating between the two types of leases. 

Watch Now!

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Webinar: Simplify, Automate and Scale Lessor Accounting with SAP CLM/RAR and Bramasol

Mon, Feb 8, 2021 @ 09:21 PM / by Bramasol posted in webinar, SAP, SAP Revenue Accounting and Reporting, SAP RAR, leasing, Leasing Solution, SAPCLM

You can have a single, integrated solution for Lessor Accounting from SAP. Watch now the webinar as Bramasol shows you how we can bring together two of the most powerful solutions for revenue and lease accounting SAP RAR and CLM to deliver a comprehensive, scalable and integrated solution managing both your Operating and Sales Type leases all in one place.

Watch our recently recorded webinar "Simplify, Automate and Scale Lessor Accounting" recorded on Thursday, February 25th, 2021. Watch now!

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Webinar: Lessor Accounting - The Convergence of RevRec and Lease Accounting

Thu, Nov 5, 2020 @ 02:56 AM / by Bramasol posted in webinar, revenue recognition, SAP, leasing, Revenue Recognition webinar, lessor

Discover the power of SAP for Lessors through the convergence of Revenue Recognition and Lease Accounting.  Is a lease out a Revenue Accounting or Lease Accounting Challenge - it is both! And only SAP and Bramasol can bring you an integrated solution that brings together both of these areas in a seamless way. 

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Webinar Video - Technical Accounting Tips for Optimizing Disclosures and Reporting for ASC 606 and 842

Mon, Sep 9, 2019 @ 06:32 AM / by Bramasol Compliance Team posted in leasing, revrec, ASC606, ASC842, Compliance

According to the Big 4, over 50% of companies experienced a delay in compliance with ASC 606 and 842 due to accounting issues. Those same companies struggled to produce their disclosures and reporting. Underlying this are the technical accounting expertise and disciplines needed for success.

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New Podcast: "Day Two" Accounting Issues for RevRec & Leasing.  What should you be doing now?

Mon, Jul 8, 2019 @ 11:45 AM / by Insights to Action Podcast team posted in leasing, revrec, podcasts

Listen to the latest podcast in Bramasol's Insights to Action series.

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Webinar - You've filed your first ASC 842 reports; now what?

Tue, Apr 16, 2019 @ 03:13 AM / by Bramasol Leasing Administration Team posted in leasing, SAPLeaseAdmin, Leasing Solution

Many of you are in the midst of filing your first quarter ASC 842 adoption footnote disclosures.  If you used brute force and/or a limited-scope point solution, how did that go?   If you used a non-integrated solution, how did the reconciliations go between asset accounting and payments?  Excel spreadsheets are not a realistic long term solution. Feel like you’re stuck in a dead-end now? You don’t have to be!

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Webinar Video- Are your ASC 842 Disclosures Validated? Your Auditors Will Require Proof

Wed, Jan 16, 2019 @ 07:17 AM / by Bramasol Leasing Administration Team posted in leasing, SAPLeaseAdmin, Disclosure Reoprting

Just as you’ve been preparing to become compliant, audit firms have been preparing as well; determining what and how to verify and validate your disclosures.  Bramasol determined that the best way for you to prove the accuracy of the data in your disclosures was to develop not only drill-through Disclosure Reports but also drill-through Validation reports. Your proof is in the details.

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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:
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