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Webinar- Take Lease Accounting to the Next Level with SAP CLM

Bramasol

Since the release of new lease accounting standards ASC 842 and IFRS 16 in 2018, companies have taken a variety of approaches to comply, but many are now aiming to optimize their lease accounting processes for efficiency and long-term manageability.

SAP 92
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The Changing Role of CFOs in a Technology-Driven World

Bramasol

Globalization CFOs have long needed to assure compliance with two different standards-setting bodies. The first is the Financial Accounting Standards Board (FASB) in the United States. IFRS S1 requires companies to communicate the sustainability risks and opportunities they face over the short, medium, and long term.

IFRS 97
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MedTech Bundling Requires Both DSE and Lessor Accounting Solutions

Bramasol

In addition, global companies need the flexibility to comply and report according to multiple accounting standards. For leasing, this means International Accounting Standards Board’s (IASB’s) IFRS 16 and US GAAP Financial Accounting Standards Board’s (FASB’s) ASC 842.

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Next Steps in Optimizing Lease Management to Go Beyond Compliance

Bramasol

In 2018, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) announced the release of new accounting standards, ASC 842 and IFRS 16, that redefined how organizations must account for leases.

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Parallel Accounting is a Key Tool for Global Companies with Multiple Reporting Requirements

Bramasol

One important side effect of the ongoing trend toward globalization is the need to comply with a range of different accounting principles as well as with disparate reporting and compliance mandates. Parallel Ledgers - in which multiple ledgers are used, with an accounting principle applied to each ledger.

IFRS 86
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Standards for Carbon Accounting are Beginning to Take Shape

Bramasol

A subsequent blog post specifically addressed How Can Carbon Accounting Impact the Value of M&A Deals? From a global perspective, the International Sustainability Standards Board (ISSB) is also working on developing uniform financial reporting rules.