LONDON (PRWEB) March 22, 2018
LeaseAccelerator announced today that its CEO, Michael Keeler, will participate in a panel at today's IFRS 16 - Application in Practice plenary. LeaseAccelerator will participate along with accounting thought leaders from PwC, Nestle, Canon, Santander UK and Legerity on the Preparers' View panel.
What: IFRS 16: The Preparer's View
How: Panel Discussion at the IFRS 16 - Application in Practice plenary
Who: Michael Keeler, CEO of LeaseAccelerator
When: 22 March 2018 at 13:40
Where: Park Plaza Waterloo, London
Additional Details: https://finance.knect365.com/ifrs-16-implementation/
The new IFRS 16 lease accounting standard will change the way public companies report leases in their quarterly and annual financial statements. Many real estate and equipment leases, previously only disclosed in the footnotes of investor filings, will now be capitalized on corporate balance sheets. The International Accountig Standards Board estimates that over $2.2 Trillion of assets and liabilities will transfer onto corporate balance sheets in the coming years. The implementation deadlines for the new standards start in 2019.
LeaseAccelerator offers the market-leading Software-as-a-Service (SaaS) solution for Enterprise Lease Accounting, enabling compliance with the current and new FASB and IFRS standards. Using LeaseAccelerator's proprietary Global Lease Accounting Engine, customers can apply the new standards to all types of leases including real estate, fleet, IT, and other equipment at an asset-level as required by FASB and IASB. On average, LeaseAccelerator's Sourcing and Management applications generate savings of 17 percent with smarter procurement and end-of-term management. Learn more at http://www.leaseaccelerator.com/.