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The new lease accounting standards under FASB ASC 842 and IFRS 16 address transparency by bringing leases onto the balance sheet to provide investors, lenders, and other financial statement users a more comprehensive view of an organization’s assets and long-term financial obligations. Although the standard has been in use for a while, compliance deadlines are quickly approaching.
During the last couple of years, Crowe has helped many public and private companies prepare for the compliance issues related to the new standards. Many Crowe clients benefited from taking the following approaches:
Crowe Lease Accounting Optimizer is a solution designed to help organizations manage their lease accounting processes more efficiently and comply with the new lease accounting standards. It can ease the transition by enabling organizations to:
Crowe Lease Accounting Optimizer integrates with the Microsoft Dynamics 365™, Microsoft Dynamics™ AX, and NetSuite platforms.
Visit CroweCRM.com for more information about Crowe CRM services for Microsoft Dynamics 365 software. Have a question or interested in evaluating the CRM functionality in Dynamics 365? Contact us today.
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The post 10 Tips for Complying With the New Lease Accounting Standards appeared first on Crowe LLP.
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