Introducing the New FASB/IASB Lease Accounting Standards

Updates to the FASB/IASB standards will have a significant impact on how your business accounts for revenue recognition and lease accounting on property, equipment, and fleets

Depending on how many leases you maintain in your portfolio, this migration could be formidable. The changes will impact every lease – not just real estate lease, but equipment, fleet, technology, etc.  Read on to learn more about these changes, how to prepare and why you should start now.  All publicly-traded companies must be compliant by December 15, 2018. Private companies have an additional year.

“Blitzn’s first order of business is helping retailers with FASB/IASB compliance for their leased properties, equipment and fleets to meet accounting rule changes becoming effective December 15, 2018. This is an issue that could affect some retailers’ financials by hundreds of millions of dollars.”
— Gail Corder Fischer, CEO & President of Blitzn LLC

The Intersection of Retail & Technology

Retailers face many challenges in today’s competitive global marketplace. At Blitzn, we help retailers make better business decisions by providing the services, tools, and technology to help them:

  • Find the best performing locations for their stores and understand factors that contribute to success
  • Understand customer data to ensure a better customer experience across locations
  • Increase revenue and profitability by effectively managing their leased and owned real estate portfolio
  • Control expenses and negotiate flexibility into all of their lease agreements
  • Ensure compliance with SOX, FASB, and IASB regulatory requirements
  • Streamline retail real estate projects to stay on time and on budget

Our technology solution allows you to proactively manage your property, equipment, and fleets and stay on top of your key business performance indicators - all from a single consolidated platform.

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