A Nakisa and Deloitte Event Series – Adopting a Sustainable Strategy for Lease Accounting Compliance

Montreal – December 4, 2019 - Nakisa announced the next destination of Nakisa and Deloitte event, Adopting a Sustainable Strategy for Lease Accounting Compliance. The upcoming event will be held in Toronto where Industry experts from Deloitte and Nakisa will address challenges reporting under IFRS 16 and ASC 842 standards and share the best practices for compliance.

With recent changes to the accounting standards, many corporations face significant challenges to manage their leased assets sustainably. At the last event in Montreal, attendees learned from real world examples and implementation experiences. Nakisa’s customer, TC Transcontinental, shared their case study about how they overcame their problems such as onboarding multiple new entities with leases, having multiple contract currencies and managing a large amount of leases. The case study was followed with a Q&A session where industry experts answered many questions from the audiences.

“Nakisa is proud to be a thought leader in the lease accounting space,” said Babak Varjavandi, CEO at Nakisa. “Partnership with Deloitte enables us to combine our expertise and provide deeper insights into financial reporting challenges.”

The upcoming event in Toronto will bring together two panelists; Andrew MacMartin, Partner, National Leader for Accounting Infrastructure Service at Deloitte and Imran Mia, Head of Center of Excellence at Nakisa. Attendees will have the opportunity to connect with industry peers and gain new insights into how to better manage their lease accounting projects. The panel session will cover various topics including:

  1. Practical advice on accounting policies and expedients such as lease/non-lease policy elections
  2. Complexities of incremental borrowing rates
  3. How to manage the dynamic requirements of the standards: reassessment, re-measurement and modifications
  4. How robust technology can support full lease life cycle management in 5 steps

This event will take place on Wednesday, January 22, 2020 at Deloitte office in downtown Toronto, free of charge with breakfast included. The event is also available to join virtually for those who cannot attend it in person. Click here to access more event details and register.

About Nakisa

A global leader in enterprise business solutions for Organization Design and Accounting and Compliance, Nakisa delivers innovative, forward-thinking and robust human resource and financial management solutions that advance your business strategies.

Working with a global network of partners, Nakisa serves 800+ enterprise customers and over 4 million subscribers in 24 industries. Nakisa is proud to work with some of the world’s most renowned brands.