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LeaseQuery

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How to Select the Best Lease Accounting Software for Your Bank or Credit Union

Financial Accounting Standards Board’s Accounting Standards Codification (FASB ASC 842) and the International Financial Reporting Standards 16 (IFRS 16) are the first major updates to lease accounting regulations, and the changes are significant. With the regulatory pressures already placed on financial institutions, it’s critical to find solutions that enable you to ensure compliance, and fit lease accounting into your day-to-day routines. There’s good news, if your transition is handled proper...

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What Financial Institutions Need to Know about the New Lease Accounting Standards

Financial Accounting Standards Board’s Accounting Standards Codification (FASB ASC 842) and the International Financial Reporting Standards 16 (IFRS 16) represent sweeping changes to the way companies account for leases, and banking is one of the industries that is expected to be impacted most.

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