Top 3 common mistakes to avoid while managing lease accounting data
Thursday, 08 October 2020 / Published in Lease Accounting, Real Estate
Top 3 common mistakes to avoid while managing lease accounting data
Ensuring compliance with FASB ASC 842 and IFRS 16 the new lease accounting standards entails a lot of effort and processes. While most of the companies especially with extensive lease portfolio have increasingly chosen to implement software solution to streamline, manage and maintain lease data, there still remains data gaps. The new regulation places a
Read more
Are you prepared to meet the new real estate lease accounting standards
Friday, 14 August 2020 / Published in Lease Accounting, Real Estate
Are you prepared to meet the new real estate lease accounting standards?
International Financial Reporting Standards (IFRS) 16 and Accounting Standards Codification (ASC) 842 – the new lease accounting standards have had a far reaching impact on business across industry sectors. Almost every company has some or other form of rentals/leasing, whether it is equipment, assets, or infrastructure. According to the new mandate every lessee is required
Read more