FASB, IASB and GASB Compliance
Understand changing deadlines and getting compliant on time with Lucernex
Deadlines for Compliance
US Public and International Companies (FASB/IASB) – 2019 Fiscal Year
US Private Companies & Government Organizations (FASB/GASB) – 2020 Fiscal Year
All Organizations Must Adhere to New Accounting Standards
Retail
Corporate
Healthcare
Telecom
Government
Choose Accruent’s Lucernex solution to get FASB compliant because it is:
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100% successful with implementations, including 128 in 2019 alone
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A fully configurable platform that allows you to handle the most complex leases
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Utilized in retail, corporate, healthcare, telecom, and the public sector
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Designed to meet the needs of both real estate and equipment leases
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Compliant with the new financial reporting requirements under FASB ASC 842, IASB IFRS 16 and GASB No. 87
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Able to accurately classify leases as operating or finance using the FASB ASC 842 test
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Able to generate accurate accounting schedules from a solution that has been verified by an independent 3rd party accounting firm
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With over 30% of private/not-for-profit companies having not begun their ASC 842 adoption, time is of the essence. Depending on the scope and distribution of your portfolio, organizations need a best-in-class implementation team and a proven solution tailor-made for compliance."
Ensure Compliance With Lucernex
Designed to meet the needs of both real estate and equipment leases, Lucernex is a cloud-based, third-party verified FASB/IASB compliant solution, that allows customers to seamlessly mitigate risk, improve business processes, and make decisions that impact the overall health of their businesses.
Lucernex makes it easy for your organization to:
- Meet the new financial reporting requirements under FASB ASC 842, IASB IFRS 16 and GASB No. 87
- Accurately classify your leases as operating or finance using the FASB ASC 842 test
- Generate accurate accounting scheduled from a solution that has been verified by an independent 3rd party accounting firm
