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...
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...
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...
As with any major new regulatory update, the boards published practical expedients after the initial release of the new lease accounting standards. Electing these expedients will save you time, but if you don’t interpret them properly, you’ll end up with errors...read more
LeaseQuery, the fastest growing technology company in Atlanta and leading provider of comprehensive lease accounting software, has been named one of Atlanta’s Best Places to Work by the Atlanta Business Chronicle. LeaseQuery ranked 12th in the medium-sized business...read more
How to Beat the End-of-Year Crunch We think of the beginning of the year as the busy season. But let’s face the truth: the busy season never really seems to end (get some tips on how to cope with that here). At the end of this year, you’ve got to get ready for the...read more
Why the New Lease Accounting Standards Pose Major Challenges Until recently, most companies didn’t have to pay much attention to leases when issuing financial statements. With the new lease accounting standards, that’s set to change – drastically. Companies will be...read more
Transitioning to ASC 842 and IFRS 16 is a monumental undertaking with plenty of pitfalls along the way. All of the following nightmare scenarios have happened in real life. Learn from your fellow accountants and don’t let them happen to you. #1: Misinterpreting...read more
Comparing and selecting the best lease accounting software for your organization 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 are just your internal obstacles. You also...read more
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 calculate them. It would be nice if there were straightforward...read more
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 January 2020 for private companies), compliance is at stake. So...read more
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