Accurate lease abstraction can help telco save cost and optimize leased infrastructure management
Thursday, 07 January 2021 / Published in Lease Abstraction, Real Estate
Accurate lease abstraction can help telco save cost and optimize leased infrastructure management
The telecom industry is evolving at an unprecedented speed. This continuous disruption underpinned by network upgrades, technology innovations, and ever escalating demand for data is putting telecom companies under immense pressure to keep pace in order to meet new market demands. As businesses strive to stay competitive in this dynamic landscape, and scale their network,
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Top 3 reasons to outsource lease accounting
Monday, 07 December 2020 / Published in Lease Accounting, Real Estate
Top 3 reasons to outsource lease accounting
The new lease accounting regulatory standard issued by Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) has put companies under immense pressure. The accounting rules are extensive and complex, making it a daunting task for business who are scrambling to adjust to the new mandates. According to a PWC survey, the
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Impact of Covid-19 on lease accounting and importance of efficient data management
Friday, 06 November 2020 / Published in Lease Accounting, Real Estate
Impact of Covid-19 on lease accounting and importance of efficient data management
The coronavirus pandemic has dramatically impacted business operations around the world significantly altering financial disclosures, forecasts, and reporting processes. It has had a major impact on lease accounting particularly, the assessments and assumptions that were previously valid may no longer hold. This is making lease data management and accounting a herculean task further compounding the
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Top 3 common mistakes to avoid while managing lease accounting data
Thursday, 08 October 2020 / Published in Lease Accounting, Real Estate
Top 3 common mistakes to avoid while managing lease accounting data
Ensuring compliance with FASB ASC 842 and IFRS 16 the new lease accounting standards entails a lot of effort and processes. While most of the companies especially with extensive lease portfolio have increasingly chosen to implement software solution to streamline, manage and maintain lease data, there still remains data gaps. The new regulation places a
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how to select the right lease accounting services vendor or partner
Friday, 04 September 2020 / Published in Lease Accounting, Real Estate
What to look for when choosing a vendor for lease accounting services?
Achieving compliance on an ongoing basis with the new lease accounting standard ASC 842 presents unprecedented challenges for the companies. It not only demands a complete overhauling of the processes and systems but requires right approach, skill and data management capabilities. While the new lease accounting standard would help provide in-depth and complete view of
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Are you prepared to meet the new real estate lease accounting standards
Friday, 14 August 2020 / Published in Lease Accounting, Real Estate
Are you prepared to meet the new real estate lease accounting standards?
International Financial Reporting Standards (IFRS) 16 and Accounting Standards Codification (ASC) 842 – the new lease accounting standards have had a far reaching impact on business across industry sectors. Almost every company has some or other form of rentals/leasing, whether it is equipment, assets, or infrastructure. According to the new mandate every lessee is required
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