Changes in lease accounting standards

Upcoming changes in lease accounting standards: How technology can help with costs savings today and regulatory compliance tomorrow


The way organizations have always managed their leases is about to change. Soon, they will need to start complying with the new accounting standards for lease accounting and reporting from regulations under US GAAP and IFRS, as proposed by the FASB/IASB.

With high volumes of complex lease contracts, industries such as telecom, oil & gas, cargo & transportation and construction are some of the most affected industries by the proposed lease accounting standards. For a smooth transition to the new accounting regulations, early preparation is not only recommended, but crucial for successful compliance and costs savings. Operators will need to change their financial reporting processes and systems now to ensure their business could function uninterrupted and in compliance with the new requirements.

In this session find out how:

The steps required to prepare for the upcoming regulatory changes and the time/cost benefits that can be gained by preparing today.
The benefits of optimizing not only your leasing accounting processes, but also transactional processes.
How you can gain visibility into your lease exposure with SAP® Lease Administration by Nakisa®, enabling you to optimize and support accounting processes for more efficient cost controlling and regulatory compliance.

Our speakers:

Pete Graham

Pete Graham

Director, Solution Management, SAP

Pete currently leads the global activities on IFRS, accounting change such as revenue recognition, and mobility for Finance Solutions at SAP. Pete also covers in-memory and cloud solutions such as SAP Simple Finance. He often helps customers understand the latest information about SAP solutions and how SAP solutions can make their companies run better. Pete also works with SAP colleagues and Partners to bring new solutions to market. He has over 15 years of experience in the Enterprise Software industry in a variety of product and operational roles.

Romeo De Leon

VP, Product Management, Nakisa

As Vice President of Product Management, Romeo is responsible for defining Nakisa's overall solution roadmap and driving product innovation for our financial solutions. In this role, he develops and transforms Nakisa's product vision into long-term results that deliver exceptional value to Nakisa’s customers and partners.