ASC842 and IFRS16 Compliance: Delivered

Bloomberg Tax & Accounting Leased Assets manages all leased asset types and provides complex calculations for right-of-use assets and lease liabilities.

Benefits for Corporations

Our SaaS solution provides accurate classification, accounting, and reporting for leased assets under the two new standards – IFRS 16 and ASC 842. Streamline your workflow with integration to and from multiple ERP/GL/AP, leasing systems, or other internal systems.

Benefits for CPAs

Confidently help your clients comply with ASC 842 and IFRS 16. Increase efficiencies with automated lease accounting processes and ensure accuracy with comprehensive calculations.

Key Product Features

Full Reporting

Access lease details, amortization schedules, quantitative disclosures, and changes over time providing strategic insight to inform management.

Lease Timeline and Events

Modify, impair or cancel lease arrangements with instantaneously updated calculations.

Custom Fields

Track what matters to you most and customize your reporting needs.

Critical Dates

Review critical lease dates, including custom dates to stay informed and current.

Transition Accounting

Reduce risk of accounting errors and financial discrepancies when migrating form ASC 840 to ASC 842 and from IAS 17 to IFRS 16.

Audit Trail

Track changes and maintain a complete history of every action to keep you on solid ground.

See It for Yourself.