Lease Accounting Oracle Integration
“Time is on my side, yes it is.” It’s a great sentiment. But the Rolling Stones obviously weren’t writing about the upcoming IFRS 16 and ASC 842 lease accounting standards when they wrote their classic song. With only a little more than six months until the standards take effect, time is certainly not on the side of companies who still haven’t examined how the rules will impact their financial statements.
But, let’s put the time constraints aside for a second. As organizations examine their current leasing setups and compare them to the new guidelines, many are seeing a clearer picture of how complicated the shift will be. There are a few reasons for this complexity.
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Last Update : Feb 27, 2020
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