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...
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...
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...
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 answers...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 ask...read more
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 provide that clarification and address sixteen issues. Our Lease...read more
Restatement of Financial Statements under IFRS 16 and ASC 842: 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 the lease accounting transition process). After all, you have to interpret...read more
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 starting and completing this huge task isn’t at the top of your to-do list....read more
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 consulting firm. Working with an auditor or CPA has numerous benefits...read more
Attention CFOs and Controllers: With New Lease Accounting Standards Looming, Prevent Having to Update Your Resume in 2019
What's at Stake if You Don't Comply with the New Lease Accounting Standards Many companies aren’t prepared for the new lease accounting rules. If yours is one of them, there are probably some major hurdles in your way. With stretched budgets and limited time, you...read more
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. Unfortunately, to comply with FASB Topic 842 and IFRS 16, Excel simply won’t cut it. What...read more
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