by George Azih | Feb 20, 2019 | Blog, Compliance, FASB ASC 842, IFRS 16, Lease Accounting Standards
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?...
by George Azih | Nov 1, 2018 | Blog, Compliance, FASB ASC 840, FASB ASC 842, IFRS 16, Lease Accounting Standards
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...
by George Azih | Nov 1, 2018 | Blog, Compliance, FASB ASC 840, FASB ASC 842, IFRS 16, Lease Accounting Standards, Lease Accounting Tools
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...
by George Azih | Sep 12, 2018 | Blog, Compliance, Industry News and Events, Lease Accounting Standards, Lease Accounting Tools
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...
by George Azih | Aug 29, 2018 | Blog, Compliance, Lease Accounting Standards, Lease Accounting Tools
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...
by George Azih | Jul 27, 2018 | Blog, Compliance, FASB ASC 842, Featured, IFRS 16, Lease Accounting Standards, Lease Management
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...
