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    FASB / IASB Lease Accounting
    Implementation

    We offer a broader range of in-house professional services than any other provider. We aren't just talking about FASB compliance, we are implementing clients today.

    Contact Us

FASB Implementation Services

We offer a broader range of in-house professional services than any other provider. We aren't just talking about FASB compliance, we are implementing clients today.

Let's Talk FASB    

 

Concerned About the Lease Accounting Mandate? Let Us Make it Painless.

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. AMTdirect is here to help you ease that burden.

Learn more about the new lease accounting standards in our FASB Resource Center.

How AMTdirect Makes You Successful

 

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LEASE AUDIT SERVICE

Most of the discussion about the new FASB and IASB standards has been about real estate leases, but some of our clients have found that most of the work will come from other types of leases like equipment and software. During a lease audit, our experts will work with your team to identify all leases that should be included in your FASB, GASB or IASB calculations and reporting.

 

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FINANCIAL IMPACT ASSESSMENT

During a FASB/IASB Financial Impact Assessment, we will analyze the financial information you already have in AMTdirect, inform you on what the changes will mean to your portfolio, and let you know the scope of work to implement our FASB/IASB Manager solutions. The assessment covers current procedures, lease assumptions, data, journal entries, and reporting to give you a clear look at the expected impact to your financial statement.

 

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OPERATIONAL CHANGE MANAGEMENT

Companies that want expert help assessing current policies, procedures, and organizational structures related to the new lease accounting rules turn to AMTdirect. Our team will work with yours to create maps of the current processes, identify gaps and make recommendations. The entire project will be overseen by a Six Sigma certified MBA. Most engagements will involve one, two, or three on-site visits.

 

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TURN-KEY IMPLEMENTATION

Our turn-key implementation service for the new standards includes:

 

  • Client Interview and Consultation: We will work with you to understand your specific implementation needs, document your current processes, and discuss your plans for operation under the new rules.

  • Lease Data Review: We’ll provide a template that will make it easy for you to collect all of the information needed for each lease. FASB Setup: We will configure the system to address your FASB calculations and revisions.

  • ERP Integration: We’ll create the files necessary to pass journal entries to your accounting solution. FASB Calculations and Journal Entry Review: We’ll validate the accuracy of the FASB/IASB calculations for each lease.

  • Reporting Disclosures: We will customize your disclosure reporting, starting from our standard reports. 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.

 

Interested in Learning More?

Just tell us about yourself and one of our FASB lease accounting experts will contact you. 

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Why Do Leading Companies Depend on AMTdirect?

 

Fully Integrated

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AMTdirect integrates with your accounting and ERP systems and sends straightline rent and deferred amounts right to the system of record without error.

Highly Accurate

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Eliminate the risk of mistakes due to manual calculation or spreadsheet errors. Leverage audit trail tracking and reporting to ensure correct calculations.

Complete Solution

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Simple and more complex scenarios are supported including multiple FASB schedules per lease, and multiple FASB start and end dates per lease, and mid-term revisions.

Ready to see the #1 FASB Compliance Solution for Yourself?


Schedule a Demo         Contact Us