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Tag: lease accounting

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Top 3 reasons to outsource lease accounting
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Admin
Monday, 07 December 2020 / Published in 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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Admin
Friday, 06 November 2020 / Published in 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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Are you prepared to meet the new real estate lease accounting standards
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Admin
Friday, 14 August 2020 / Published in 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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Are you prepared to manage the impact of new leasing standards
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Emily Martinez
Wednesday, 04 January 2017 / Published in Real Estate

Are you prepared to manage the impact of new leasing standards?

As the new Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) lease accounting standards, is set to come into effect, it is going to potentially change financial reporting standards. Real estate companies will be required to capitalize their property and equipment leases shifting the way commercial property leases are managed and negotiated.
commercial property leasescommercial real estatedata collectionlease accountingreal estate
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