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AMTdirect Blog

AMTdirect Blog

Cautionary Tale: How to Increase Revenue and Decrease Data Risk with Scenario Testing

Posted on 10/5/20 1:08 PM by Ata Khan in Lease Administration, in Lease Accounting

This cautionary tale focuses on the risks that businesses face when they do not implement a sandbox environment to complement their lease accounting and administration software.

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When You Can’t Excel in Excel Anymore, Enter Lease Accounting Software

Posted on 9/28/20 2:45 PM by Ata Khan in Lease Accounting, in Compliance

Microsoft Excel is a powerful spreadsheet program that many companies utilize for their data analysis and documentation. 

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FASB ASC 842 Lease Accounting: Software Features to Help You Comply with Confidence

Posted on 9/14/20 9:25 AM by Ata Khan in FASB, in Lease Accounting, in Compliance, in asc 842, in leasing software

 

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Why Sandboxes are Important When Working with Lease Accounting Compliance

Posted on 9/10/20 2:10 PM by Ata Khan in Lease Accounting, in Compliance

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Communication is Key: How Lease Accounting Software Streamlines the Connection Between Real Estate and Accounting Needs

Posted on 8/31/20 5:59 PM by Ata Khan in Corporate Real Estate, in Technology, in Lease Accounting, in lease management system

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Lease Accounting Compliance: Does Your Company Need to Comply?

Posted on 4/27/20 11:19 PM by The Team at AMTdirect in FASB, in Lease Accounting

Do the new lease accounting standards apply to your company? In almost every case, the short answer to that question will be yes. The long answer involves taking a closer look at your contracts.

But, first, exactly which new leasing standards are we talking about? There are three standard-setting accounting boards: the International Accounting Standards Board (IASB), the Governmental Accounting Standards Board (GASB), and the Financial Accounting Standards Board (FASB). Each develops guidance on financial reporting for specific types of entities.

Which standard you need to comply with depends on what type of organization you are. Entities with leasing activities that fall under more than one board’s jurisdiction, will need to report according to the guidelines set forth by each board concerned. 

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