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Shiloh Paul

Feb 08
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Webinar | Applying IFRS 16

By Webinars

Scaling Your IFRS 16 Compliance Efforts with Automation

With the introduction of the new IFRS 16 lease accounting standards there is currently significant compliance risk associated with scaling, controlling and managing your lease accounting program. Many companies who already adopted IFRS 16 did so with brute force effort dependent upon Excel spreadsheets, workarounds, and lots of staff. While organizations can survive with such an approach, it won’t scale for long term lease accounting compliance.

During this webinar, Len Neuhaus, CPA and VP of Lease Accounting at LeaseAccelerator shares real-world  perspectives, gained from over 30 years’ experience in various C-level roles and board of director positions at Global 1000 companies, on how to apply the IFRS 16 lease accounting standard and leverage automation for effectively scaling and sustaining lease accounting compliance.

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Register to see replay.

Key Learnings

  • What operational changes/transformation are needed in order to maintain complete and accurate lease data every month, quarter, and year
  • How automating your end-to-end lease accounting processes ensures completeness and accuracy of data, and minimizes risks of manual intervention
  • Why transitioning to a long-term, automated lease accounting  compliance model for scaling the record-to-report process provides higher levels of governance and controls

Presenter

Len Neuhaus, VP Lease Accounting, LeaseAccelerator
Len Neuhaus
VP Lease Accounting
LeaseAccelerator

Dec 03
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Research Study | How Spreadsheets Spread Chaos: Tackling IFRS 16 the Smart Way

By Uncategorized

Spreadsheets Spread Chaos

Lease Accounting: What's Next After Spreadsheets

New study conducted by Ventana Research, a leading market research firm

What’s Covered Inside:

  • 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.

Dec 03
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Research Study | How Spreadsheets Spread Chaos: Tackling IFRS 16 the Smart Way

By Uncategorized

New Study Conducted by Ventana Research, a Leading Market Research Firm

DOWNLOAD STUDY

For companies with more than a handful of real estate and equipment leases, implementing the new lease accounting standards, IFRS 16 and ASC 842, won’t be manageable using spreadsheets. A complete Enterprise Lease Accounting system will be necessary for data accuracy, lease lifecycle management, and reporting efficiency.