RGP and LeaseAccelerator Team Up to Help Companies Navigate New Lease Accounting Rules
Leaders in accounting consulting and enterprise lease accounting software form alliance to help clients comply swiftly with new FASB and IASB standards
The two firms have teamed up to help clients navigate the standards
finalized in 2016 by the
The new standards require companies to recognize obligations for real estate, equipment and other leased assets on their balance sheets, a shift that will affect many companies' accounting policies and procedures, information systems, debt covenants and financial ratios. Companies most affected by the new rules will be those relying heavily on lease arrangements, especially in industries such as consumer products, restaurants, retailing, financial services, manufacturing and distribution, utilities, and oil and gas.
"Most companies will need an automated solution to comply with the new
lease accounting standards, and we are excited to join with
LeaseAccelerator, one of the top enterprise lease accounting software
providers, to help companies meet their compliance deadlines in the most
efficient and effective manner possible," said
"LeaseAccelerator's comprehensive software platform is a great complement to the professional services provided by our experienced consultants, from assessment to data gathering, to process transformation to software implementation," she added. "Together we provide clients a full ASC 842 or IFRS 16 solution.
"With less than 15 months remaining until the deadline, the time frame
for companies to implement the new standards is shrinking quickly," said
For more information on the new lease accounting standards, go to www.rgp.com.
RGP is a multinational business consulting firm that helps leaders execute internal initiatives. Partnering with business leaders, we drive internal change across all parts of a global enterprise - accounting; finance; governance, risk and compliance management; corporate advisory, strategic communications and restructuring; information management; human capital; supply chain management; and legal and regulatory.
RGP was founded in 1996 within a Big Four accounting firm. Today, RGP is
a subsidiary of a publicly traded company,
LeaseAccelerator offers the market-leading SaaS solution for Enterprise
Lease Accounting, enabling compliance with SOX,
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