Search Results for: iris
How to tell if your lease contains a service element under IFRS 16
As IFRS users wave goodbye to operating leases, a new categorisation for lease accounting fills the gap to determine how leases will be accounted for on balance sheets. On 13th January…
GDPR: How will GDPR affect Accountancy Practices
We have created a handy guide for accountants which explains how the General Data Protection Regulation (GDPR) will affect them and 9 ways that practices can prepare. The UK is…
What Are The Key Data Capture Points Needed For IFRS 16 Compliance?
Complying with new legislation is always a time sensitive and labour-intensive exercise. Besides learning about what compliance looks like, we also, usually, need to understand where we are coming from….
At A Glance: Using Dashboards To Provide An Overview Of The Health Of Your Lease Portfolio
There’s more than enough work involved in becoming compliant with IFRS 16 and the lease accounting changes which come into play in January 2019. And that’s without considering the need…
Avoiding End of Lease Penalties And Additional Costs With Lease Management Software
The Potential Problems You Can Encounter At The End Of A Lease Agreement: Whilst the benefits of lease agreements for lessees are numerous, the leasing industry hasn’t grown without there…
Drive Your Business Forward With Effective Lease Management
If you are considering developing more financial flexibility for the company, whilst reducing the risks related to liabilities or the amount of capital tied up in owned assets, it’s likely…
Indigo Tax & Accountancy Limited Case Study
Indigo Tax & Accountancy started life in the 1990s with just one client. The practice grew rapidly, with 99% of business coming from referrals. Nearly 20 years on, Managing Director…
How Globalisation Is Impacting Lease Accounting Compliance
Directors and Heads of Finance departments at multi-national companies are facing one of the trickiest undertakings to achieve new lease accounting compliance when compared to domestic businesses. Lease data and…
Calculating The Return On Investment Of Leased Equipment
In short, calculating the ROI of leasing is the same equation as any other ROI calculation, but you just need to be aware of the full, actual cost and probably…
Which Transition Method Should I Use? The Pros And Cons Of Each Lease Accounting Transition Method
With the scale of work involved with becoming compliant once the lease accounting changes come into effect, it’s imperative that your business continues finalising how it will manage the process….
Industries That Regularly Benefit From Leasing Equipment
Leasing is a great option for companies of all sizes, across a wide range of industries. Leasing equipment from as small as a mobile phone to as large as an…
Client Dashboards now include Digital Tax Account data
Did you know that the IRIS OpenPortal has a client dashboard which allows you to see a range of summary information about your client base? The search box is…
Stay Compliant With Lease Accounting Regulations In 7 Simple Steps
With the implementation deadline for the new changes to lease accounting regulations fast approaching, many companies have at least started the early assessment stages of the transition process. But too…
Lease Accounting [IFRS 16 & FASB ASC 842] – A Comprehensive Overview
If you’re reading this, you’re at least aware of the upcoming changes to lease accounting standards and regulations. After a decade of consultations, drafting and listening to feedback from big…