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With new accounting standards hanging over companies that offer subscriptions as at least part of their business models, the first step is to admit there is a problem. The Financial Accounting Standards Board and the International Accounting Standards Board have released new standards – ASC 606 and IFRS15 respectively – in 2014 for the recognition …

More than three-quarters of the top 100 U.S. companies with the largest lease obligations expect to see a significant impact on their balance sheets from the new lease accounting standard, according to a new report. The report, by technology firm LeaseAccelerator, analyzed a recent series of Securities and Exchange Commission filings related to the adoption …

ATLANTA–(BUSINESS WIRE)–Lease request is pleased to announce the recent hire of Andrea Holmes, who joins the LeaseQuery team as Lease Accounting Manager working out of the Atlanta office. In this role, Andrea will manage the implementation of the client’s financial reporting structure into LeaseQuery’s software and help integrate client leases into the LeaseQuery platform. In …

New from India accounting standard, Ind AS 115, has been in force since April 1, 2018, which marks the start of the country’s new financial year. As explained by the Ministry of Corporate Affairs, the Ind AS 115 sets out the principles to be applied by an entity in order to communicate useful information to …