Articles

Overview of lease accounting standards  In 2019, after a long set of discussions spanning about 10 years, the revised lease accounting standards were introduced by IFRS (for countries following the international standards) and US GAAP (for countries following US GAAP).

Effectively navigating the intricate landscape of risk in lessor operations demands precision and adaptability, particularly in the face of ongoing changes. Factors like fluctuating interest rates, rapid technological evolution, and increased regulatory scrutiny underscore the need for a vigilant risk

Introduction Lease agreements form the cornerstone of relationships between lessors, typically financial entities or asset owners, and lessees, the end users of assets. This comprehensive guide aims to shed light on the various components of lease agreements, facilitating an efficient

Effectively traversing the intricate landscape of legal intricacies inherent in lease and rental agreements necessitates the adoption of a proactive and meticulously strategic approach. This multifaceted process, integral to ensuring compliance, mitigating risks, and establishing a transparent framework between the

Lease administration is sometimes also called lease management. It covers the process from inception of the lease through the lease lifecycle and termination i.e. recording the lease, billing and collecting dues, notifications, mid life changes, termination, renewal and return of

In the current landscape of lease management, technology is assuming an instrumental role, spearheading transformative changes that not only present avenues for growth but also significantly enhance operational efficiency. The dynamism of technological evolution underscores the importance of adopting solutions

In the dynamic landscape of business operations, the need for advanced equipment is crucial for both growth and efficiency. As business owners, we have multiple financing options to consider when it comes to acquiring this equipment. In this article, we’ll

Decoding KYC: From Guidelines to Global Guardianship In the early 2000s, a new concept emerged in the world of finance: KYC, or ‘Know Your Customer.’ It acted as a safeguard against money laundering, terrorism financing, and other illicit activities. International

In the ever-evolving landscape of financial services, it is the compliance and risk management team that ensures the stability and ethical conduct of institutions. They navigate a maze of regulations and potential hazards on a daily basis. From formulating comprehensive

Impact of EVs on the Car Leasing Market As electric vehicles (EVs) gain momentum, propelled by state-of-the-art technology, reduced costs, and increased awareness regarding sustainable transportation, buyers are faced with an important decision: whether to buy, loan, or lease these