Listen to the latest episode of Bramasol’s Insights to Action Podcast Series. In this episode, Bramasol’s expert John Scott shares insights of ASC 842 that applies to private companies and what implementation issues they are facing.
Our holistic approach assures Compliance with the new standards while also providing a structured solution for Optimization of all lease administration and portfolio management and an integrated system for Transformation of how leasing is handled within overall end-to-end business processes.
Watch how leading Railroad transportation company called on Bramasol to help them to comply with ASC 842 and IFRS 16 standards.
Watch how Leading Multinational Retail Giant called on Bramasol to help them comply with Leasing Standards ASC 842 and IFRS 16.
This client is one of the world’s top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals, piping, and proprietary plastics.
This eBook provides a step-by-step look at the key elements in the lifecycle of a lease and details how a comprehensive end-to-end administration approach can improve efficiency, save money, reduce risk and assure compliance with new accounting standards.
"The new leases standard will significantly affect lessees and lessors in the real estate industry, including their considerations related to non-lease components, initial direct costs, and accounting for sale- leaseback transactions. In addition, real estate lessors will need to understand the standard’s broader implementation implications for lessees as well as the potential for changes in tenant behaviors."
"This eBook provides a focused discussion on how companies can start preparing now for ASC 842 and IFRS 16 using a comprehensive approach that improves efficiency, saves money, reduces risk and assures compliance with the new accounting standards."
This eBook provides offers an overview of key issues and best practices regarding usage of the Portfolio Approach for implementation of the ASC 842 Lease Accounting Standard.
"The new lease accounting standard ASC 842 is effective for public companies beginning January 1st, 2019. The primary purpose of the standard was to address the fact that most operating leases are deemed off balance sheet financing arrangements and currently are only disclosed via a company’s financial footnotes in the “Commitments and Contingencies” footnote."