A global medical technology company selected VIP Apps Consulting to lead an end-to-end lease accounting system compliance project and the integration with the existing Oracle ERP system. For the testing phases, VIP Apps Consulting teamed with TechnoSolutions and their TopTeam solution to: –enhance the ability to log and track functional requirements, and -provide professional-quality reporting...
agile AI AMOBI artificial intelligence (AI) Asset Finance Auto Finance blockchain BPM business process automation Business Process Management Business Transformation CFO change management circular economy Cloud conference Continuous Innovation COVID-19 data DELIVER Digital Transformation events Finance finance and leasing Financial Services FinTech FLA FLA Annual Dinner IAFN IFRS 16 Innovation lease accounting Lease Accounting Standards Leasing leasing life awards optimisation Oracle Oracle Cloud Process Automation Productivity robotic process automation RPA strategy Technology UKOUG
As the deadline to the new lease accounting standards IFRS 16 ASC 842 looms, compliance is at the top of finance managers’ agendas. To comply with the new guidelines, organisations will have to change the way leases are recorded and processed, as the new standards increase complexity, requiring that operating leases now be reflected on…
With only months lefts before the new lease accounting standards ASC 842 and IFRS 16 become effective, many companies have not taken the steps needed to meet the deadline. In previous posts, we went through lists of questions to help CFOs assess in which stage of the transition plan the organisation is, transition guides and…
The new lease accounting standards IFRS 16 and ASC 842 come into effect on January 2019, and as we are nearly halfway through 2018, organisations are running short on time to comply with the new guidance. In this post we will review some critical project considerations, so you can jump-start your implementation journey and finish…
The sunny Malta location didn’t quite work out for Leaseurope 2017. Despite the flight chaos and torrential rain, the slightly seasoned leaders of the leasing industry embraced new regulations and most notably new technologies! New and refreshing session: Disruption. Provocation. Demonstration. Debate Brilliantly chaired by Carmen Ene, CEO,3 Step IT inviting technology experts Mahmood Aziz, Blue Prism, Parm Sangha, IBM and Abe Smith, Dealflo, to explain Robotic Automation and Blockchain concepts, Abe then explained the…
The deadline to the new leases standards IFRS 16 / FASB ASC 842 is rapidly approaching with tremendous impact and changes to your organisation.With many lease agreements containing assets scattered around across systems, departments, filing cabinets, etc., which were previously off balance sheet now being brought onto companies’ books, the requirement for new streamlined business…
The effective date of new leases standards is less than 20 months away. The new Lease Accounting Standards IFRS 16 / FASB ASC 842 requires companies to bring most leases on-balance sheet, providing a single lessee accounting model, requiring lessees to recognise assets and liabilities for all leases. The new standard will significantly change the…
With post-Brexit change and uncertainty dominating financial news cycles the ongoing review and amendments to IFRS 16 could have been at risk of being swamped by other financial news. However, the finance and leasing sectors continue to watch closely as the HMRC analyses the tax options for IFRS 16 and makes announcements prior to formal…
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
You can adjust all of your cookie settings by navigating the tabs on the left hand side and following the instructions in our cookies policy
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.
This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.
This website uses Cloudflare to serve pages faster to users, and protect against traffic spikes.
This website uses Twitter to display our twitter feed.
This website uses Linkedin to collect analytics.
Keeping these cookies enabled helps us to improve our website.
Please enable Strictly Necessary Cookies first so that we can save your preferences!
More information about our Cookie Policy
