The Expert Recommended FASB 842 Compliance Solution
Conquer the mandate to switch to the new FASB and IASB lease accounting standards with the solution that has been validated by multiple CPA firms and financial reporting experts.
The mandate to comply with the new FASB lease accounting standards (FASB 842) has placed an urgent burden on companies to rethink the way they manage leases and other contracts. AMTdirect offers the industry’s only turn-key solution for FASB / IASB compliance and lease administration. We provide an unparalleled technology solution along with expert implementation and data abstraction services.
How we make you successful:
Perform lease classification tests to determine whether a lease is a Finance or an Operating lease.
We offer a broader range of in-house professional services than any other provider. We aren't just talking about FASB and IASB compliance, we are implementing clients today.
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.
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.
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.
Our turn-key implementation service for the new standards includes:
Interested in Learning More?
Just tell us about yourself and one of our FASB lease accounting experts will contact you.