News

Heard on the Street

Many large companies are considering early implementation of ASU 842 – the new lease accounting rules.  As examples, both Target and Microsoft have disclosed in their 10Ks that they are shooting for implementation this year instead of 2019 if they can get their systems solutions ready.  The reason is they want to combine the transition
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3 Essential Steps to Implement the New FASB/IASB Lease Accounting

After 10 long years of deliberations, the FASB and IASB have now finalized the new lease accounting guidelines. Any lease that you sign today will be capitalized and put on the balance sheet in the near future. In addition, most of your existing leases will also be capitalized and put on the balance sheet in
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FASB-IASB Guidelines are Final. Are you ready?

Now that the new FASB-IASB guidelines have finally arrived, it is critical to understand the timing implications. The start date is different for public and private companies.   Public Companies The first reporting period for Public companies starts January 2019. Public Companies will be mandated by the SEC to provide: 3 years P & L
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FASB Sets Dates for New Lease Accounting Guidelines

During a meeting on November 11, 2015, the Financial Accounting Standards Board (FASB) decided that the new leases standard would be effective for public business entities for annual and interim periods beginning after 15 December 2018 (for calendar year end companies this means their 12/31/19 financial statements have to reflect the new rules). For nonpublic
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ProLease to Exhibit at IFMA Facility Fusion

We are excited to announce that we will be exhibiting our ProLease Real Estate & Facility Management software at IFMA’s Facility Fusion conference on April 15th and April 16th at the Gaylord National Resort & Convention Center in Fort Washington, MD.  Please stop by our booth # 206 to say hello!
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