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Knowledgebase » Volume 2 (2009) » Update 4 How Proposed Lease Accounting Changes Will Affect Your SAP System (And What You Can Do About It)
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While the switch to International Financial Reporting Standards (IFRS) is getting all the attention, the two boards that govern US and international accounting rules are mulling another change that could have a big impact on businesses that lease equipment. If passed, the proposal could add significant complexity to the way leases are accounted for at companies running SAP systems. |
Categories: Asset Accounting, Financials, News, SAP Financials
“I am certain that this will be an issue for SAP customers. If they’re using SAP Financials and Asset Accounting, they’re going to have to reinvestigate how they track and account for their leased assets because the requirements just got significantly more difficult,” says Nathan Genez, managing partner of Serio Consulting.
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