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FASB ASC 842: Why You Should Care
When it rains it pours.Or so it seems when it comes to FASB ASC 842 and its IASB and GASB counterparts.There seems to be a flood of issues from implementation of the new accounting standards. And most...
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How FASB ASC 842 Mistakes Spell Disaster for Bank Lending to Private Companies
The increased transparency and comparability the FASB was going for with the new lease accounting standards may have backfired. As public companies discovered, transitioning away from routine leasing...
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FASB ASC 842: The Writing is On the Wall for Private Companies Who Wait to Start
The big news on the street is the delay by the FASB for ASC 842 adoption.The governing body stated this deadline change will give companies more time to deal with the complexities of the transition. It...
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Capacity Crunch: The Inevitable Shortage of Lease Accounting Software Vendors
It’s pretty basic economics…When there’s high demand for a product or service in the market, the price goes up. And the amount of providers able to offer that high-demand product or service goes...
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Biggest Takeaways from the 2019 #IFMA World Workplace Conference
This previous month, the IFMA World Workplace conference brought together dozens of market experts, hundreds of facility management professionals, and an impressive array of industry influencers to...
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6 Ways the New Accounting Standards Could Destroy Your Company's Financials
Public companies faced 5 major challenges while implementing the new accounting standards, according to a new report from PwC. These roadblocks shed light on what private companies can expect to deal...
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4 Indicators You Must Comply with FASB ASC 842
A strange phenomenon is taking over the accounting world.Even though there’s been a massive deadline delay for FASB ASC 842 compliance, most private companies are shrugging their shoulders.In fact, 45%...
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Embedded Leases: Pro Tips for Navigating the New Accounting Standard
There’s a critical - yet extremely overlooked - piece of FASB ASC 842 implementation.It’s lease type.In fact, the 43% of companies estimate they only have 1-200 leases, but they may not be considering...
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How to Get on a Lease Accounting Software Provider's Shortlist
The tables have turned when it comes to lease accounting software.It’s standard business practice that vendors fight to win the business of potential clients. But in the present market, the opposite is...
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What to Expect When the FASB ASC 842 Deadline Hits the Floor
FASB ASC 842 may not seem like a big deal. After all, compliance has been pushed back and budget planning for the new year is pressing in. It would seem there’s no need to start implementing the new...
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Trade the Rush for a World-Class FASB ASC 842 Implementation
An ounce of prevention is worth a pound of cure.That warning has stood the test of time for one reason: Because it’s true.And public companies that have implemented FASB ASC 842 are wishing they had...
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The Math Points to a Glaring Imbalance in Lease Accounting Software
The lease accounting software industry is booming.And one of the main reasons why is because software automates the entire process of moving leases onto the balance sheet, a requirement of FASB ASC...
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FASB ASC 842: Countdown To Compliance
You may have just breathed a huge sigh of relief. The ball dropped at midnight ringing in 2020, giving private companies one more year to achieve FASB ASC 842 compliance. To many, that sounds like...
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The Bright Side of Adopting the New Lease Accounting Standards
Compliance under FASB ASC 842 is not all gloom and doom.Although, if you’re in the throes of implementing the new lease accounting standards, it can feel like a perpetual dark cloud hanging over you...
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Companies Could Face Valuation Hits in Response to FASB ASC 842 Compliance
“What do you do when it rains?"The captain answered frankly. "I get wet.” ― Joseph Heller, Catch-22The forecast is in: Private companies may...
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New Lease Accounting Standard: A Deep Dive with the Big 4
There are words to live by. And words to comply by.When it comes to transitioning to the new lease accounting standard, any words of wisdom from the Big Four is due attention. And with only 40% of...
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[Press Release] AMTdirect Joins the Ellucian Partner Community
AMTdirect Joins the Ellucian Partner Community to Offer Lease Accounting, Administration, andFacilities Management Solutions to the Higher Education IndustryCORNELIUS, N.C. - Jan. 28, 2020 - AMTdirect,...
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Do the Practical Expedients for ASC 842 Spell Relief?
Years ago there was a TV commercial for an antacid that claimed its name spelled relief. Right now 45% of private companies with 100-499 leases report they’re somewhere in the implementation process....
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AMTdirect Named Top Performer in the 2020 Lease Accounting Software Report
AMTdirect Named Top Performer in the 2020 Lease Accounting Software Category published by FeaturedCustomers. CORNELIUS, N.C. - Feb. 5, 2020 - AMTdirect has been named a Top Performer in the Lease...
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The Great GASB 87 and How It Differs from FASB 842
It may not be glitzy and glamorous, but like The Great Gatsby, GASB 87 deals with appearances versus reality. And so does its nongovernmental counterpart, FASB 842.In fact, the aim of all the new lease...
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