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Self-Service & Support

Looking for self‑service training, best practices, helpful videos, product resources, or support? You’re in the right place.

FASB/IASB Lease Accounting Compliance

Lucernex

Discover how to ensure compliance across your real estate and equipment leases to mitigate risk and make better decisions for your business.

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As a result of the Enron fallout, accounting and financial reporting regulators are making it harder to hide debts and assets from shareholders. These new standards were introduced to improve transparency for the amount, timing and uncertainty of cash flows from or due to leases. Designed to meet the needs of both real estate and equipment leases, Lucernex Lx Contracts allows you to mitigate risk, improve business processes and make better decisions for your business.

Meet the new financial reporting requirements under ASC 842 & IFRS 16
Accurately classify your leases as operating or finance using the FASB ASC 842 test
Generate accurate accounting schedules from a solution that has been verified by an independent 3rd party accounting firm

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FASB/IASB Lease Accounting Compliance

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