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Explained: Discount and Borrowing Rates under IFRS 16 and ASC 842

George Azih Cost-Savings July 27, 2018

One of the most common questions people have about the new lease accounting standards is about discount rates. There’s a lot of confusion about which ones to use, where to find them, and how to...

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10 Topics to Consider When Creating an RFP for Lease Accounting Software

Excel used to be, or maybe still is, your “tried and true” go-to for handling lease accounting. However, with the FASB ASC 842 and IFRS 16 deadlines looming (January 2019 for public companies and...

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Lease Accounting Software Comparison: What You Need to Know

George Azih Lease Accounting Transition July 27, 2018
Comparing and selecting lease accounting software is not a simple process. You’ve got to juggle your budget and stakeholders from other departments (who may not understand your needs). And those...
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Codification Updates from the FASB

George Azih FASB Topic 842, ASC 842 July 21, 2018

The FASB just released some clarification to ASC 842. If you’ve been following closely, then you know that the standards have created some nuances that require further clarification. These updates...

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Restatement of Financials: What’s the Impact to Public Companies?

As the deadlines for FASB 842 and IFRS 16 get closer, many companies are realizing just how time-consuming and resource-heavy the transition process is (this 14-step guide will walk you through...

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Your Lease Accounting Project: When to Start

The compliance deadline for FASB Topic 842 and IFRS 16 is nearing (January 2019 for public companies) and your transition should be underway. However, with all you have to do, we understand...

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Outsourcing Your Lease Accounting: 4 Best Practices to Consider

You’re busy. With limited time and resources, and not enough people on staff, you’re considering passing the monumental task of transitioning to FASB Topic 842 and IFRS 16 on to an auditor and/or...

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Attention CFOs and Controllers: With New Lease Accounting Standards Looming, Prevent Having to Update Your Resume in 2019

George Azih FASB 842, FASB Topic 842, Accounting June 29, 2018

What's at Stake if You Don't Comply with the New Lease Accounting Standards

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Why Using Excel Will Set You Up for Non-Compliance.

George Azih Accounting in Excel, FASB Topic 840, FASB Topic 842 June 29, 2018

Excel is an accountant’s best friend. The ubiquitous software has been around for over 30 years and most of us can’t imagine a world without it. It seems like it can do anything.

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How to Conduct an Inventory of Your Leases

George Azih Transition Help June 21, 2018

 

There’s no way around it. Gathering the information you need to comply with FASB Topic 842 takes good old-fashioned legwork. To ensure that you collect the right data, you need to take a...

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