The new FASB/IASB standards are the most sweeping changes to lease accounting and financial reporting in more than 40 years.
Companies required to record operating leases and a debt balance sheet must comply with the new FASB/IASB standards, planned to take effect on January 1, 2019.
Are you ready?
All qualifying leases must be pulled onto the balance sheet as assets and liabilities, requiring organizations to review existing processes and build new ones.
Ease your compliance worries with a solution enabled to report on equipment and real estate leases, and make needed lease reporting updates in real time.
Accruent actively monitors the changes to the lease accounting standards and incorporates them into its lease administration software.
With our FASB/IASB-ready solution, Accruent is helping our customers transition smoothly to the new lease accounting standards.