Lease Accounting

Study: Private Companies Still Not Ready for New Lease Accounting Rules

To provide a quantitative progress report on the status of compliance efforts for private companies of the new lease accounting regulations, LeaseAccelerator conducted a research study in late January 2019. The study showed private companies are reporting a lower state of readiness than public companies showed in last year's survey at this time. read more

Bloomberg Tax Releases Advantage Leased Assets for ASC 842 Compliance

Bloomberg Tax released its latest ASC 842 compliance system, Advantage Leased Assets. The new enhancements include support for customized, flexible lease payment schedules and integration support for automating workflows. read more

LeaseAccelerator SaaS Application Selected by 60+ SAP-Centric Companies

Over 60 SAP-centric companies have selected LeaseAccelerator’s SaaS application to manage and account for their portfolio of leases and assets. read more

Crowe Produces Lease Accounting Optimizer for the Public Sector

Crowe introduced its Lease Accounting Optimizer for the public sector, a tool to help organizations track, account and report on lessee and lessor leases to comply with Governmental Accounting Standards Board Statement No. 87. read more

LeaseAccelerator to Share ASC 842 Best Practices at SAPinsider Financials

Lease accounting software creator LeaseAccelerator will join global industry leaders to discuss the strategies for long-term success with the new ASC 842 and IFRS 16 lease accounting standards at SAPinsider Financials 2019. read more

LeaseQuery Provides General Ledger Agnostic Solution to 600+ Companies

LeaseQuery enabled its 600+ clients to use its software with their enterprise accounting solution of choice, including all of the most common options, such as Microsoft Dynamics, Oracle and SAP. read more

Baker Tilly Partners with Visual Lease to Enhance Lease Accounting

Advisory, tax and assurance firm Baker Tilly Virchow Krause partnered with lease accounting and management software provider, Visual Lease, to provide clients with enhanced software compatible with the new ASC 842 standards. read more

FASB Clarifies Implementation, Disclosure Requirements in Leases Standard

The FASB issued an Accounting Standards Update that addresses two lessor implementation issues and clarifies that lessees and lessors are exempt from a certain interim disclosure requirement associated with adopting the new leases standard. read more

Kuett Joins LeaseAccelerator as VP of Lease Accounting

John Kuett joined LeaseAccelerator its new vice president, Lease Accounting EMEA. An expert in IFRS 16 lease accounting, Kuett brings over 20 years of experience leading financial reporting, accounting and compliance for multinationals. read more

LeaseAccelerator Introduces New Auto Tester App for ASC 842 Standards

LeaseAccelerator developed a testing application called the Lease Accounting Validator that automates the testing of leases under the new ASC 842 and IFRS 16 standards, as well as frozen GAAP. read more

New Lease Accounting Standards Can Lead to New Savings for Companies

According to the Wall Street Journal, the new lease accounting standards have given some companies the opportunity to find unexpected savings, despite the more time-intensive reporting requirements. read more

LeaseAccelerator Continues Growth with Oracle-Centric Companies

Over 50 Oracle-centric companies have selected LeaseAccelerator’s SaaS application to comply with the new IFRS 16 and ASC 842 standards. read more

Bloomberg Tax Releases New Platform Aimed at Compliance Challenges

Bloomberg Tax released its new financial accounting research platform, a one-stop resource for accounting professionals which combines expert analysis and interpretations with news, FASB Codification and time-saving practice tools. read more

FASB Issues Staff Q&A Document on Estimating Credit Loss Reserves

FASB staff issued a question-and-answer document that addresses particular issues related to the weighted average remaining maturity (WARM) method for estimating the allowance for credit losses. read more

LeaseCrunch Receives SOC 2 Type I Audit Certification

LeaseCrunch successfully completed a System and Organization Controls (SOC) 2 Type I Audit examination by international business advisory firm Skoda Minotti. read more

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Terry Mulreany
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