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Top 6 Functional Requirements for Day Two Compliance and a Lease Accounting Solution

top-6-functionalities

The seemingly simple addition of leased assets in the financials was much more complex than initially perceived. Navigating Day 2 Accounting and making plans for a sustainable lease accounting strategy is the challenge facing organizations today.

The goal of this document is to provide accountants and other financial professionals with insight into the top 6 functional requirements for day 2 compliance and a lease accounting solution.

Download this white paper to learn more about:

  • Dual GAAP Reporting
  • Workflow Functionalities
  • Day 2 Accounting
  • Financial Planning Analytics (FP&A)
  • System Integration
  • Reporting or Disclosure Requirements

About the Authors: Nakisa’s Center of Excellence

The contents in this document were created by Nakisa’s Center of Excellence Team. This team is comprised of a group of technical accountants with expertise in IFRS and US GAAP. They develop best practices to enable organizations to plan, transition, and comply with financial regulations. Nakisa’s Center of Excellence has played an instrumental role in the development of Nakisa Lease Administration by advising and ensuring compliance with IFRS 16 and ASC 842.