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Leasing plays a vital role in business operations, helping companies secure the assets they need without ownership. However, lease accounting can get complicated when agreements contain more than just base rent, specifically, non-lease components. No…

Making the right decision between finance and operating leases is essential for businesses to manage finances effectively. These two lease types differ in their accounting treatment, financial implications and operational considerations. This guide b…

FRS 102 at a glance – the short version your finance team will actually read What it is: The UK’s financial reporting standard that defines how organisations prepare financial statements. Who it applies to: Private companies, non-profits and c…

key takeaways Traditional lease abstraction processes can no longer keep up with growing portfolio complexity, leading to data gaps, risk exposure and missed financial opportunities. AI-powered contract intelligence improves accuracy, visibility and…

Key takeaways Finance lease accounting requires recognising both a right-of-use asset and a lease liability on the balance sheet. It reflects arrangements where the lessee assumes the risks and rewards of ownership. Lease payments are split into pri…

Key takeaways Lease liabilities represent the present value of future payments for leased assets and must be reported on the balance sheet. IFRS 16 and FRS 102 increase transparency but add complexity for finance teams. Calculating lease liabilities…

Due to inefficiencies that affect business productivity, more organisations are now realising the potential of utilising IWMS solutions to improve and increase their agility and resilience, optimise operational efficiency and create flexible and enga…

As the revised FRS 102 standard introduces more meticulous lease accounting requirements, the limitations of spreadsheets are becoming increasingly apparent. In a recent broadcast, Gavin Maze from MRI Software and Richard Olney from Grant Thornton hi…