Most companies are not ready for the new FASB standard and will be immediately behind schedule when it is issued because of the retrospective reporting requirements. This whitepaper will enable you and your team to prepare now. It includes analysis, examples, and a step-by-step plan to transition to the new lease accounting standard now expected in early 2015. The FASB lease accounting changes are explained in detail, including the impacts on lessees, asset management, and financial reporting.
- Companies will need 6-12 months to create and implement processes and systems to comply with the new FASB lease accounting standard
- Describes how to create and maintain a database of documents and data in order to ensure completeness, accuracy, and auditability of data
- Capture significant savings as an added benefit of the comprehensive compliance
- Covers financial, tax, and operational impacts on equipment and real estate leases and explains how to prepare and manage them
- Explains how to deploy an asset-based lease accounting sub-ledger designed for lessees that integrates with your ERP, LeaseAccelerator, to simplify the process.
Download your free copy of the white paper today.