Frequently Asked
Questions.

Designed with market-driven feedback, Nakisa Lease Administration is the result of close collaboration with our co-innovation customers and has been reviewed and validated by more than one of the “Big-4” accounting firms and other independant firms.

The solution supports the old and new lease accounting standards: IAS 17, ASC 840, IFRS 16, and ASC 842.

Yes, the solution includes functionality to assist in the classification of contracts under the new standards and will guide users towards an assessment with final determination based on each customer's corporate accounting policies.

The solution supports the comparative reporting requirements for transition accounting purposes. This can be achieved through the set up of multiple accounting standards and via standalone mode.