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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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Leasing Webinar Video - Tips for Successful ASC 842 Launch

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

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, 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.

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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, 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.

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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, FASB, Leasing-Hot-Tips, ASC842, SAPLeaseAdmin

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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