Our Resource Centre is a hub for all things leasing.

Innervision & Addison Lee Group Announce IFRS 16 Partnership

Posted by Ryan Hendrie on 20/02/19 14:00



London, UK — Wednesday, 20th February 2019 - 2.00pm (GMT) — Innervision Management Ltd (Innervision), an industry leading provider of cloud-based lease management and lease accounting software solutions, today announced that Addison Lee Group (Addison Lee), a London-based private hire company has chosen Innervision’s market leading solution LOIS Lease Accounting (LLA) as its dedicated solution for transitioning to the new standard – IFRS 16.

Innervision Reaches 100 Lease Accounting Customer Milestone

Posted by Ryan Hendrie on 31/01/19 12:29

London, United Kingdom, 31st January 2019 - Innervision Management Ltd (“Innervision”) the leading lease accounting solutions provider, is delighted to announce that over 100 companies globally have now selected its flagship product, LOIS Lease Accounting (LLA) to transition to the new lease accounting standards – IFRS 16 and FASB ASC 842.

New Lease Accounting - The State of Implementation

Posted by Ryan Hendrie on 22/01/19 11:11

 



The adoption “deadlines” for IFRS 16 and ASC 842 have now passed and while there was no seismic movement across the globe on 1st January 2019, nonetheless, financial reports for periods post the implementation deadline will resound with the impact of the trillions of dollars’ worth of operating lease commitments now appear on balance sheets across the world.

Announcing ISO 27001:2013 Certification

Posted by Ryan Hendrie on 03/01/19 11:00

 

London, United Kingdom — 3rd January 2019 — 11 am (GMT) — Today Innervision Management Ltd (Innervision) is proud to announce that it has achieved ISO 27001:2013 certification.

IFRS 16 Insights: How The New Standard Will Impact Corporate Valuation

Posted by Ryan Hendrie on 19/12/18 10:14

The implementation of the IFRS 16 Lease Accounting Standard by any lessee will generally lead to an increase in leased assets and a corresponding increase in financial liabilities reflected on its balance sheet. It, of course, follows that there will be an impact on the corporate valuation of the business.

Compliance With IFRS 16 Lease Accounting Standard Is Just Weeks Away But There Are Still Challenges To Overcome

Posted by Ryan Hendrie on 11/12/18 12:28

Surveys come and go but IFRS 16 is here to stay.

North America Poll Reveals Companies Are Still Behind in Their Preparation for ASC 842 or IFRS 16

Posted by Ryan Hendrie on 06/12/18 10:42

 


Back in February 2016, The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASC 842) with the intention of improving on implementation the financial reporting of lease transactions whether the leasing of aircraft, property or equipment of any type – IT, copier, medical or manufacturing.

FASB Approve Lessor Accounting Amendments to Ease ASC 842 Adoption

Posted by Ryan Hendrie on 04/12/18 12:38

 

Approved Accounting Standards Amendments, Leases (Topic 842): Narrow-Scope Improvements for Lessors:

Retail Sector Significantly Impacted by New Lease Accounting Rules

Posted by Ryan Hendrie on 29/11/18 16:07

 



“It feels like retail is now closer to the precipice”
Theo Paphitis is quoted in the Daily Telegraph Business Section (05/11/18). He was speaking specifically post-budget but whenever the retail sector is mentioned it is generally with a cloud foreshadowing doom. The online retailers, falling footfall in malls, empty shops in the high street all seem harbingers of doom.

Accessing Procurement’s Role In IFRS 16 - Lease Accounting Compliance

Posted by Ryan Hendrie on 30/10/18 10:49


From 1st January 2019, most leases will need to be treated for accountancy purposes as if they were finance type leases – all leased assets (with just a couple of exceptions) will appear on the balance sheet along with all associated committed liabilities.