Why Lease Accounting Software Systems Fail
Adoption of ASC 842 was challenging enough. No company implemented new lease accounting software expecting to replace it just a…
Lease Accounting and Lease Administration Teams: One Platform – Better Together
Lease Accounting requirements drove real estate and accounting together around shared data and processes. Leases change frequently. Lease Administration and…
What the ASC 842 Discount Rate Update Means for Non-Public Companies
The Financial Accounting Standards Board (FASB) recently issued an update to ASC 842 that addresses complexities associated with discount rate calculations affecting…
World-Class Lease Accounting Automation Saves Accountants Hundreds of Hours
Accounting teams pursuing the goal of continuous accounting already know that world-class lease accounting automation saves accountants hundreds of hours…
How Remeasurements for Lease Accounting are More Difficult than Initial Compliance
Companies that have adopted ASC 842 and IFRS 16 lease accounting rules have quickly realized that the go-forward operational needs…
9 Practical Deficiencies Driving Companies to Replace ASC 842 Software
No one wants to replace their ASC 842 software. Adoption of ASC 842 and IFRS 16 was challenging enough. No…
Lease Accounting Ad Hoc Reports with CoStar
Lease accounting ad hoc reports are made easy with CoStar. Unlike common types of accounting reports—such as roll forward and…
A Warning to Private Companies About Obtaining and Maintaining ASC 842 Compliance
With less than six months away to comply with ASC 842, there is a warning to be shared with private…
Lease Accounting Audits Made Simple with Better Financial Reports
Lease accounting audits are a challenge for many companies. But they can be made simple with better financial reports from…
New: Improvements are coming to ASC 842 Discount Rate Guidance for Private Companies
FASB has proposed an update to ASC 842 discount rate guidance that would affect non-public companies with leased assets. ASC…