LEASE ACCOUNTING
Lease accounting helps our clients leverage new accounting standards to achieve better financial outcomes for their portfolios. It ensures consistent clarity and comparable financial reports across industries for all leases on the balance sheet.
Lease Accounting
The new standards (IFRS 16 and ASC 842) require all leases to be recognized on the balance sheet, eliminating Lease classification distinctions and impacting key financial ratios, thus providing a clearer view of a company’s financial health.
To comply with the new standards, organizations must precisely identify leases, implement standardized processes for efficiency and maintain proactive communication with stakeholders to resolve any disputes.
Adhering to accounting principles, our expertise provide accurate lease calculations complying with such standards by recording, recognizing, and handling Lease transactions and variable payments for comprehensive financial reporting.
Capabilities:
- Accurate Lease Identification and Assessment
- Transparent Calculations
- Proactive Communication
- Financial Analysis and Reporting
Leave no stone unturned
Gain clarity on your transactions, maximize value, and grow confidently by managing your leases with full compliance and control. Unhide your non-profit expenses with transparent communication.
Elements
Right to Use of Assets
Lease Liability
Shares and Rates
Payments and Transactions
Compliance and Modifications
Importance
Corporate Governance
Standards
Digital Transformation
Financial Discipline
Market Competitiveness
Benefits
Record Reporting
Financial Planning
Facilitates Lease Audits
Stakeholder Communication
Data-Driven Negotiations
