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Tag: Lease Accounting Outsourcing

Lease Accounting
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Monday, 03 October 2022 / Published in Lease Accounting, Real Estate
What Role Can Outsource Play in a Well-developed Lease Accounting Strategy?
You have a lot going on. You’re considering hiring an auditor and/or consulting firm to handle the massive transition to FASB Topic 842 and IFRS 16 since you just don’t have the time, resources, or manpower in-house to do it alone. Hiring an auditor or CPA can help you save time and have access to
accounting for real estate leaseslease accountinglease accounting asc 842Lease Accounting OutsourcingLease Accounting ServicesLease Accounting StrategyOutsource Lease accounting
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Lease Accounting
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Wednesday, 03 August 2022 / Published in Lease Accounting, Real Estate
A 5-step Guide To Complying With Lease Accounting
Accounting is an essential service for any business and an opportunity to make profits. Managing the accounting process is not just about the numbers, calculations, and compliance. With property accounting services, businesses can be more compliant with laws and regulations. It would be best if you started by gathering all the information you need from
lease accountinglease accounting guideLease Accounting OutsourcingLease Accounting Serviceslease accounting services partnerLease Accounting Standards
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ASC-842-Lease-Accounting-Challenges-and-Tips-to-Overcome-Them
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Wednesday, 06 July 2022 / Published in Lease Accounting, Real Estate
ASC 842 Lease Accounting Challenges and Tips to Overcome Them
When Financial Accounting Standards Board published its updates to the lease accounting standard, its main objective was to improve the clarity of financial reporting. But, it involves a number of complex decisions to attain compliance successfully. You need to ensure that you get adequate time and resources to get the job done. Many companies have
lease accountingLease Accounting OutsourcingLease Accounting Serviceslease accounting services partner
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Accurate lease abstraction can help telco save cost and optimize leased infrastructure management
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Thursday, 07 January 2021 / Published in Lease Abstraction, Real Estate
Accurate lease abstraction can help telco save cost and optimize leased infrastructure management
The telecom industry is evolving at an unprecedented speed. This continuous disruption underpinned by network upgrades, technology innovations, and ever escalating demand for data is putting telecom companies under immense pressure to keep pace in order to meet new market demands. As businesses strive to stay competitive in this dynamic landscape, and scale their network,
lease abstractionLease Abstraction for Telecom Industrylease abstraction servicesLease Accounting Outsourcing
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Top 3 reasons to outsource lease accounting
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Monday, 07 December 2020 / Published in Lease Accounting, Real Estate
Top 3 reasons to outsource lease accounting
The new lease accounting regulatory standard issued by Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) has put companies under immense pressure. The accounting rules are extensive and complex, making it a daunting task for business who are scrambling to adjust to the new mandates. According to a PWC survey, the
lease accountingLease Accounting OutsourcingLease Accounting Services
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Impact of Covid-19 on lease accounting and importance of efficient data management
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Friday, 06 November 2020 / Published in Lease Accounting, Real Estate
Impact of Covid-19 on lease accounting and importance of efficient data management
The coronavirus pandemic has dramatically impacted business operations around the world significantly altering financial disclosures, forecasts, and reporting processes. It has had a major impact on lease accounting particularly, the assessments and assumptions that were previously valid may no longer hold. This is making lease data management and accounting a herculean task further compounding the
Coronavirus PandemicCovid-19 challengeslease accountingLease Accounting OutsourcingLease Accounting Services
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Top 3 common mistakes to avoid while managing lease accounting data
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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
ASC 842FASBIFRS 16Lease Accounting OutsourcingLease Accounting Serviceslease accounting vendor
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how to select the right lease accounting services vendor or partner
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Friday, 04 September 2020 / Published in Lease Accounting, Real Estate
What to look for when choosing a vendor for lease accounting services?
Achieving compliance on an ongoing basis with the new lease accounting standard ASC 842 presents unprecedented challenges for the companies. It not only demands a complete overhauling of the processes and systems but requires right approach, skill and data management capabilities. While the new lease accounting standard would help provide in-depth and complete view of
Lease Accounting OutsourcingLease Accounting Serviceslease accounting services partnerlease accounting vendor
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Are you prepared to meet the new real estate lease accounting standards
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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
ASC 842IFRS 16lease accountingLease Accounting OutsourcingLease Accounting Services
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