Spreadsheets Spread Chaos
Lease Accounting: What's Next After Spreadsheets
New study conducted by Ventana Research, a leading market research firm
- How a complete Enterprise Lease Accounting Solution can save your IFRS 16 implementation project
- How to maintain data accuracy through improved lease management throughout the lifecycle of the lease
- How to automate processes and controls and centralize the lease organizational structure
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Excerpt
Accounting Standards Require Systems
The recent major shifts in accounting standards for both leasing and revenue recognition are a significant break from the past in that desktop spreadsheets can no longer be used as they are seriously deficient for managing or supporting compliance. Organizations with more than a handful of operating and real estate leases must address the demand that modern accounting information systems be used to achieve reliable and cost-effective compliance.
To learn more about IFRS 16 and ASC 842, the affects the standards will have on your business, how to staff and budget for the implementation project, and what to look for in lease accounting software, visit our lease accounting page.
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