Are you worried about how your organization will be able to comply with the new, complicated FASB/IASB lease accounting standard? Are you unsure about whether and how you’ll be able to provide the pro forma statements that will be requested by investors and lenders in the months leading up to the reporting deadline?
If so you are not alone. In a study by Deloitte, 88% of respondents predicted the standard would place a “significant” reporting burden on lessees of real estate.
Our Turn-key implementation service for the new standard includes:
FASB Client Interview and Consultation – We’ll work with you to understand your specific implementation needs. We’ll document your current processes and discuss your plans for operation under the new rules.
Data Template – We’ll provide a template that will make it easy for you to collect all of the information needed for each lease.
Import - We will import your data into AMTdirect and validate success.
Journal Entry File Creation – We’ll create the file necessary to pass journal entries to your accounting solution.
Calculation Validations – We’ll validate the accuracy of the FASB/IASB calculations for each lease.
Training - We will make sure that your team is up to speed with best practices and ready to leverage the AMTdirect FASB/IASB manager to its fullest.