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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, ASC 842, SAPLeaseAdmin, 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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Leasing Webinar Video - Tips for Successful ASC 842 Launch

Wed, Nov 21, 2018 @ 06:33 AM / by Bramasol Leasing Administration Team posted in Leasing Solution, leasing

The January 2019 deadline for compliance with new Lease Accounting standards, ASC 842 and IFRS 16, is now looming less than two months away.  Are you ready? If not, Bramasol can help

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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.

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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-Hot-Tips, leasing, ASC 842, 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.

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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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ASC 842: FASB provides an additional optional transition relief for companies

Tue, May 22, 2018 @ 03:19 AM / by Julio Dalla Costa posted in Leasing-Hot-Tips, FASB, ASC842, SAPLeaseAdmin, leasing

On January 5th, 2018, the Financial Accounting Standards Board (FASB) proposed adding an optional transition method and another practical expedient for lessors to Accounting Standards Codification (ASC) 842, Leases, to reduce the cost and complexity of implementing the new standard.

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Video: New Lease Accounting Standards Get Ready for Compliance

Wed, Jan 31, 2018 @ 06:12 AM / by Bramasol Leasing Administration Team posted in leasing

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.

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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-Hot-Tips, leasing

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.

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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.

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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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New eBook: S/4HANA is the Future: Understanding Why and How to Get There Download Now
Download eBook - Transitioning to ASC 842: Why Robust Analytical Reporting Tools will be a must for all Entities

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