In 2010, CoStar consolidated more than 5,000 real estate and equipment leases into a single software solution to perform asset level lease accounting for this leading manufacturer and retailer of…
Which approach is best for ASC 842 and IFRS 16 compliance? The new lease accounting guidance from both the FASB and IASB focuses on asset-level lease accounting, where debits and…
As the deadline for the new lease accounting standard looms, a recent survey estimates that up to 75% of organizations either haven’t started on lease accounting compliance or are still…
After December 15, 2018, public companies must comply with one of the most significant changes to financial reporting in 40 years. After a decade of discussion, the Financial Accounting Standards…
How to Approach Staff Accounting Bulletin No. 74 (SAB 74) Companies are currently in various stages of preparation to adopt the FASB guidance, with very few deciding to early adopt. …
How much should companies expect ASC 842 and IFRS 16 compliance to cost? When the FASB and IASB issued new lease accounting guidance in early 2016, companies immediately recognized that…
In today’s complex accounting environment, companies have adopted different accounting practices to manage their business. Companies interpret GAAP in many ways and apply it to suit unique business needs. As…
There is a wealth of information available on lease accounting software solutions, but like many complex purchasing decisions, comparing the nuances is not always apples-to-apples. Here’s a checklist of “Do’s…
Not Having the Right People, Preparation and Process Will Undermine Success A survey on the progress of lease accounting standard adoption – published in July 2017 by PwC and CBRE…
CoStar’s Data Connector and Lease Accounting Software enabled this global organization to retain investments in legacy lease management systems, avoid expensive upgrades and rapidly implement ASC 842 and IFRS 16…