Download the Brochure

Contact Us

Commentary on legal changes/trends

New Lease Accounting Standards System Compliance Guide

~What are the characteristics of companies that can/cannot be handled by Excel? ~What are the characteristics of a company that can/cannot be handled by Excel?

Tuesday, 2023/12/05 14:00~

In May 2023, an exposure draft of the "Draft Accounting Standard for Leases" was released.
This new standard is expected to make operating leases on-balance sheet in principle, which will have a significant impact not only on financial statements but also on
management accounting, business processes, and systems.

Many companies may wonder, in response to the new lease accounting standard, "Can't we just use Excel?" Many companies may wonder, "Can't we handle the new lease accounting standard using only Excel?
While the need for system implementation varies from company to company, it is important to understand whether the use of Excel is suitable for practical use,
and what limitations there are for Exce management, and to consider appropriate countermeasures.

In this seminar video, we will explain the limitations of Excel processing, based on the characteristics of the business type and the types of contracts held.
In the latter half of the video, the fixed asset management system "HUE Asset" that corresponds to the new lease accounting standards will be introduced.

Agenda.

  • Facts about systemic support in compliance with IFRS 16
  • Four systemically important points in the new lease accounting standard
  • New Lease Accounting Standard What Excel can/cannot do
  • Characteristics of companies that need/need no system consideration
  • HUE Asset" for New Lease Accounting Standards

Recommended for

  • Those who are gathering information about the new lease accounting standards
  • Those who are in charge of fixed asset management
  • Those who are considering reviewing the workflow and system for fixed asset management

Speaker Information

Masaaki Fujiwara

Works Applications, Inc.
Principal

Since starting his career as a development engineer for fixed asset management systems, he has been involved in planning, development, and business improvement projects for products centered on fixed assets for about 10 years. In particular, regarding new lease accounting, since compiling the "IFRS 16 Application Status Report" in 2021, he has continuously disseminated information on the standard and conducted surveys on the trends of various companies. Currently, he is exchanging information on the new lease accounting with dozens of companies and planning products that make use of this information.

Seminar Registration Form