Extension for Lease Accounting

Achieve Compliance with FASB & IASB Guidelines

Classify leases accurately using Lease Classification Wizard

Generate key calculations and reports to achieve compliance

Evaluate how transition to new standards impacts your organization

Automate with Precision

Automate Compliance with Lease Classification Wizard

Complete ARCHIBUS Lease Classification Wizard questionaire for each lease. The wizard then automatically classifies leases to comply with the new FASB/IASB standards.

Key calculations:

  • Right-of-use asset
  • Lease liability
  • Amortization
  • Interest accretion

Generate Key Reports

Produce reports needed to achieve compliance, integrate with your financial system.

Key reports:

  • Amortization Schedules
  • Sub-ledger reporting
  • Quantitative Disclosures
  • Transition accounting

Evaluate Impact on Strategy

Understand how FASB’s new standards impact your organization so you can make informed real estate decisions. Educate partners in the finance, accounting, and legal departments as well as the C-Suite.

Support Decision-Making

Evaluate how time sensitive lease variables like economic life, fair market value, and Right-of-Use Asset Adjustments impact cost strategy over time, and flag leases that pose a risk to your budget.

Integrate with Lease Administration, Cost Administration and Asset Management

Integrate the entire classification process with ARCHIBUS Cost Administration and ARCHIBUS Lease Administration.

Contact us to find out more.


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