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How to Prepare for Your First Financial Statement Audit under ASC 842 and IFRS 16
You’ve collected all of your company’s leases. You’ve built your amortization schedules. You’ve created your journal entries and reports. And now, the moment of truth: your first post-transition audit. What should you expect? What will your auditors be looking for?...
Beyond Compliance: The Hidden Benefits of the New Lease Accounting Standards
Implementing FASB ASC 842 and IFRS 16, the new lease accounting standards, may seem like a burden right now, but there are some benefits beyond compliance that may surprise you. The processes and tools you use to transition will enable you to work more efficiently,...
Looking Back at 2018: A Phenomenal Year at LeaseQuery
Thanks to our wonderful customers and amazing employees, LeaseQuery had another year of tremendous growth in 2018. We were recognized as the fastest growing technology company in Atlanta and one of the best places to work by the Atlanta Business Chronicle. Our...
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How to Prepare for Your First Financial Statement Audit under ASC 842 and IFRS 16
You’ve collected all of your company’s leases. You’ve built your amortization schedules. You’ve created your journal entries and reports. And now, the moment of truth: your first post-transition audit. What should you expect? What will your auditors be looking for?...
read more
Beyond Compliance: The Hidden Benefits of the New Lease Accounting Standards
Implementing FASB ASC 842 and IFRS 16, the new lease accounting standards, may seem like a burden right now, but there are some benefits beyond compliance that may surprise you. The processes and tools you use to transition will enable you to work more efficiently,...
read more
Looking Back at 2018: A Phenomenal Year at LeaseQuery
Thanks to our wonderful customers and amazing employees, LeaseQuery had another year of tremendous growth in 2018. We were recognized as the fastest growing technology company in Atlanta and one of the best places to work by the Atlanta Business Chronicle. Our...
read more
Encoursa and LeaseQuery Announce Lease Accounting Survey Results
October 26, 2018 — With the effective date of the new lease accounting standards less than two months away for many companies, Encoursa, in partnership with LeaseQuery, conducted a survey to understand the progress accountants are making towards adoption. “The survey...
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10 Must-Read Articles for Lease Accounting Compliance
With the deadline for implementing the new lease accounting standards quickly approaching for public companies, there’s no such thing as too many helpful tips. Navigating the new rules and transitioning your accounting practices so you remain compliant isn’t an...
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Hiring a Lease Accountant? Here’s What to Ask in the Interview.
Finding a gifted lease accountant is complicated. You need a project manager who can see the big picture to ensure long-term compliance. But you also need a technical accountant who’s a stickler for details. The key to finding the best talent is asking the right...
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Defining Lease Accounting: It’s More than Net Present Value
What is lease accounting? Lease accounting is the method by which organizations account for their leasing contracts – whether lessors or lessees – on their balance sheets. The reporting standards for lease accounting are maintained by the Financial Accounting...
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4 Takeaways on ASC 842 and IFRS 16 from the 17th Annual Financial Reporting Conference
4 Takeaways on ASC 842 and IFRS 16 from the 17th Annual Financial Reporting Conference Earlier this year, we had the opportunity to attend the 17th Annual Financial Reporting Conference at Baruch College featuring panelists from FASB, KPMG, Google, Moody’s, and...
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