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On-Demand Webinar
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Lease Accounting 101 – A Roadmap to ASC 842 & IFRS 16
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| With all the discussion of the new lease accounting standards, ASC 842/IFRS 16, the time has arrived for public companies to begin reporting their results. However, as with ASC 606 last year, many companies have underestimated the effort and time required to comply with the new standards.
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| According to one KPMG survey: |
- Only 3% of respondents said their lease project was complete.
- Among those still working on their projects, 67% said that they were not on schedule due to the challenges they were facing.
- Only 44% had identified their leases and just 25% had assessed the accounting impact of ASC 842 and/or IFRS 16 on their business.
- 45% of companies believe they have selected their software but only 16% have developed the requirements necessary for implementation.
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Featured Speaker
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Chris Miller
Distinguished Solution Specialist
Oracle NetSuite |
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