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Vena Lease Accounting Datasheet

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Lease Accounting: Stay Compliant with Vena New ASC and IFRS lease accounting standards are coming soon. Make sure you're ready. Comply with Confidence Vena's lease accounting software provides the transparency and disclosure you need to guarantee compliance with new FASB and IASB leasing standards. Vena makes it easy to collect and manage large leasing data sets, complex calculations, and new regulatory reporting and disclosure requirements. On-time & Ongoing Compliance With the new ASC 842 and IFRS 16 regulations coming into effect starting December 2018, time is of the essence for compliance. While the regulations impact some industries more than others – e.g. manufacturing, energy and transportation – they apply to companies in any industry that enter into a property, plant or equipment lease (or sublease). The new standards will provide much needed transparency in companies' lease assets, liabilities and off-balance sheet financing. Corporate financial statements will provide stakeholders with a better, clearer and more complete representation of their companies' leasing activities and transactions. Finance & Accounting • Automated, accurate leasing calculations and related roll-ups • Up-to-date information with instant feeds from external data systems • Analyze and report on all your leasing financial and non-financial leasing data Executives • Better decision making with timely, accurate lease scenarios • Ensured compliance and disclosure for internal and external stakeholders • Alignment with all FASB and IASB leasing standards Investors • Timely, accurate financial comparisons • Complete transparency into off-balance sheet lease transactions • Improved due diligence on company financials Fulfill all your stakeholder needs

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