<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=97440&amp;fmt=gif">

FASB Compliance Must Do: Find Your Leases (Here’s Where to Look)

Posted by Amber Bigler Newman

8/25/17 7:08 PM

One of the biggest obstacles that most companies face as they prepare to meet the new FASB 842 and IFRS 16 lease accounting mandates is that most don’t have a centralized repository for all leasing information. Many have real estate leases in some type of system, but equipment leases and other contracts are a different story. The number one answer we get when we ask clients and prospects how many equipment leases they have is, “I have no idea.”

So, if you are in that boat, you are not alone. We can’t tell you exactly where your leases are (unless you request our lease audit service), but here are a few places you might want to look.

Read More

Topics: FASB

AMTdirect Welcomes New CTO, Bryan Dennstedt

Posted by Amber Bigler Newman

8/21/17 6:33 PM

AMTdirect is delighted to announce that Bryan Dennstedt has joined our team as our new CTO. Bryan now leads AMTdirect’s technology team and will help shape the future of our continuous innovation.

Prior to joining AMTdirect, Bryan was a partner at TechCXO where he provided on demand CTO consulting services to distinguished clients in Healthcare and other industries. Previously he was the CTO at iPic Entertainment, providing the ultimate cinema and restaurant experience with 15+ locations. At iPic, Bryan was responsible for all information technology operations, including product research and development, development operations, and the customer experience.

Read More

Topics: AMTdirect Team

15 Things You'll Need to Know About Every Lease for New FASB Standards

Posted by Amber Bigler Newman

8/16/17 6:31 PM

fasb lease accounting standardsThe deadline to meet the new FASB / IFRS Lease accounting standards is approaching quickly.  Companies that don’t begin preparing now will find themselves in the position of scrambling to avoid damaging penalties and likely use up a great deal of time and money. This can be avoided, but the window of opportunity to be proactive is getting smaller.

There's no way around it, complying with the new standards is going to be challenging for most companies. One thing that you can start doing right away to smooth the implementation of the new standards is gather the data you'll need. Capitalizing  a lease under the new FASB guidelines will require the following 15 pieces of information about each lease longer than 12 months, including existing leases:

Read More

Topics: FASB

New Lease Accounting Standard (FASB) FAQs

Posted by Amber Bigler Newman

8/2/17 8:00 AM

Since 2010, the Financial Accounting Standards Board (FASB) has been considering significant changes to the way leased real estate and other assets are reported by public companies. The new standards were announced last year and will go into effect for pivate companies and public companies with private debt on December 15, 2018 and for public companies on December 15, 2019 It is important that business leaders think about what this change will mean for them and how they should prepare.

What will change?

Read More

Topics: Real Estate Accounting, Lease Administration, FASB

New FASB and IFRS Lease Accounting Standards: Technology Options

Posted by Amber Bigler Newman

7/27/17 5:59 PM

Finance and real estate executives are beginning to grapple with the enormous challenge of complying with the new FASB and IFRS lease accounting standards, FASB ACS 842 and IFRS 16 respectively. One of the first steps to achieving compliance by the January 2019 deadline for public companies, is selecting technology to support the effort. There are two distinct paths that organizations may consider.

Read More

Topics: FASB

Papa Murphy's Joins the AMTdirect Community

Posted by Amber Bigler Newman

5/18/17 2:11 PM


AMTdirect is happy to welcome Papa Murphy's to our growing family of customers. They join other top restaurants, retailers, universities, and healthcare organizations who have chosen the leader in lease management and location optimization.

Papa Murphy's the franchisor and operator of the largest Take 'n' Bake pizza chain in the United States. They offer fresh, hand-crafted pizzas ready for customers to bake at home. The company was founded in 1981 and currently operates more than 1,550 franchised and corporate-owned fresh pizza stores in the US, Canada, and United Arab Emirates. Papa Murphy's core purpose is to bring all families together through food people love with a mission to create fun, convenient and fulfilling family dinners. 

Read More

Topics: Customers