Lease Accounting
Implementation Services
Lease accounting compliance made easy.
Occupier provides technical lease accounting implementation support.
Technical accounting support.
For complex accounting processes.
Organizations following GAAP or IFRS, specifically ASC 842 and IFRS 16, lease accounting standards are experiencing a significant impact to their balance sheet.
How it works
Solutions Consultants
Partner with our best in class lease accounting solutions consultants & CPA’s in order to gain compliance with ASC 842 or IFRS 16. Our team guides private, public and nonprofit organizations with complex and technical lease accounting processes.
Implementation Best Practices
Our team will collaborate with you on identifying embedded leases, deciding discount rates, and whether or not to implement practical expedients. Every lease portfolio is unique and we side-by-side with your team on your reporting requirements
Software Configurations
Occupier is your single source of truth for real estate and finance team collaboration. We’ll guide you through accounting for lease modifications, lease impairments, calculating your lease amortization schedules, lease liabilities and right-of-use assets.
Validation & Testing
Data validation, financial metrics, and automated workflows are key to implementing the new lease accounting standards. Occupier will guide you through your audit to ensure your financial statements and balance sheets are in compliance with ASC 842 or IFRS 16.
Lease Accounting Implementation Best Practices
Software selections
It all starts with sustainable business processes
Our lease accounting implementation services enable your finance team to work hand-in-hand with our in-house accounting solutions consultants. We are your partner providing advice, education, and training materials so your team can confidently gain ASC 842/IFRS 16 compliance leveraging lease accounting software.
Calculate your lease liabilities and ROU Assets, comply with ASC 842/ IFRS 16, and mitigate your compliance risk with lease accounting implementation support.
Required data for audits
Maintain compliance and stay audit ready
Implementing ASC 842/IFRS 16 is a team sport. Designate a steering committee, including members from FP&A, Audit, Legal, IT and Real Estate to collaborate.
Making informed accounting policy decisions before starting your compliance journey is paramount. Think disclosure requirements, practical expedients, and Incremental Borrowing Rates.
Ensure your lease accounting processes are repeatable and trackable so auditors, and new accounting team members can replicate the operation and understand cash flows and lease portfolio health.
Upgrade your lease accounting software
Check out how the tech savviest CPA’s automate their lease accounting compliance workflows.
