The FASB/IASB changes have left many companies with lots of questions.
From adjusted disclosures, guidance and supporting documents, to a broad change in taxonomy, where are you supposed to start? Which policies and procedures must be updated to capture the correct information on both assets and liabilities on balance sheets? Answering these questions and navigating through the challenges they present can be tricky.
Focusing on the completeness and quality of your lease data is critical to streamlining compliance with the new accounting standards and building a long-term lease management and reporting solution. There are lessons to be learned, information to be gathered, and insights to be seen when it comes to solving the complicated lease data challenge and Accruent cannot wait to share them with you.