News, views and industry trends
When to account for COVID-19 lease concessions
Commercial tenants and landlords have spent their year adapting to the challenges of the pandemic. As stores, restaurants, and other commercial venues shuttered, lease terms and conditions had to be renegotiated and some rent payments needed to be de…
Creating a workplace to meet the needs of today’s agile workforce
In recent years, we’ve seen a shift toward an increasingly mobile and flexible workforce. It’s a trend that doesn’t seem to be slowing. By 2022, it’s predicted that 1.87 billion people will be mobile employees, comprising 42.5 percent of the total gl…
Top 5 functional requirements to consider when evaluating lease compliance software
Companies tasked with ensuring compliance with ASC 842 or IFRS 16 or both have a daunting challenge before them. They must pay attention to three major areas; Data, Company Policy and Affected Disciplines, and lastly, Software. Towards the end o…
Why Data Integrity is the Key to IFRS 16 Compliance: Streamlining Data
IFRS 16 is about achieving greater financial transparency. The only way an organisation can truly accomplish this is by safeguarding the integrity of its lease information. It’s simply not enough to be in a satisfactory position by ‘deadline day’, rather businesses need to be ensuring they are fully compliant at any given time, throughout time. … Continued
Why Data Integrity is the Key to IFRS 16 Compliance: Data Abstraction
IFRS 16 is about achieving greater financial transparency. The only way an organisation can truly accomplish this is by safeguarding the integrity of its lease information. It’s simply not enough to be in a satisfactory position by ‘deadline day’, rather businesses need to be ensuring they are fully compliant at any given time, throughout time. … Continued
Why Data Integrity is the Key to IFRS 16 Compliance: Identification
IFRS 16 is about achieving greater financial transparency. The only way an organisation can truly accomplish this is by safeguarding the integrity of its lease information. It’s simply not enough to be in a satisfactory position by ‘deadline day’, rather businesses need to be ensuring they are fully compliant at any given time, throughout time. … Continued
Decision time for real estate professionals: how will you implement new lease accounting standards?
With new accounting standards on leases coming into effect in 2019, businesses must decide how to manage the transition and ensure their property management technology is up to the job The impact of the IFRS 16 accounting standard due to come into effect in January 2019 will be huge for many publicly-listed companies. For the … Continued
Double Trouble for Real Estate: Coping with Two New Lease Accounting Standards
New accounting standards requiring businesses to bring leasing obligations onto their balance sheets will require many companies to get to grips with two different sets of rules – will your property management technology cope? It has been billed as the biggest shake-up in accounting standards for 30 years, but many businesses are not yet ready … Continued