CFO Beat
  • Accounting & Tax
  • Credit & Capital
  • GRC
  • Strategy
  • Technology
  • HR
No Result
View All Result
CFO Beat
  • Accounting & Tax
  • Credit & Capital
  • GRC
  • Strategy
  • Technology
  • HR
No Result
View All Result
CFO Beat
No Result
View All Result
Bloomberg Tax & Accounting Expands Leased Assets Product

Bloomberg Tax & Accounting Expands Leased Assets Product

June 20, 2019
Post on LinkedinShare on TwitterShare on Facebook

Bloomberg Tax & Accounting today announced the expansion of Advantage Leased Assets to include support for multinational organizations who need to comply with international accounting standards, in addition to ASC 842.

The expanded product includes functionality that allows companies to account for and report on their leased assets under the international standard IFRS 16. A new Foreign Exchange Rates feature supports multi-currency needs for multinational corporations managing assets located in countries around the world, simplifying the process for converting the lease value from local currency into a standard reporting currency such as U.S. dollars.

“We’re excited to be able to expand to meet the needs of our customers who operate globally by introducing the IFRS 16 and Foreign Exchange Rates features,” said Ken Crutchfield, senior vice president and general manager of technology solutions, Bloomberg Tax & Accounting. “With transparency for investors at the heart of IFRS 16 and ASC 842, it’s critical that multinational companies have the right system in place as their lease liability starts appearing on their financial statements. The enhancements we are announcing today to Advantage Leased Assets will help our customers comply with confidence— wherever their operations are located.”

Bloomberg Tax & Accouting’s software solutions—Advantage Fixed Assets and Advantage Leased Assets—help companies manage a combined 100 million-plus assets worldwide. Advantage Leased Assets was recently named a top financial management solution in the 17th Annual American Business Awards

Latest Articles

Data Catalogs Essential for Data Governance and Insights but Under Deployed

Data Catalogs Essential for Data Governance and Insights but Under Deployed

August 6, 2019

Emailage and Featurespace Partner to Tackle Application Fraud

August 5, 2019

Olin Announces $100 Million Accelerated Share Repurchase

August 5, 2019

Microchip Enters Memory Infrastructure Market

August 5, 2019

Combatting Future Security Threats of Quantum Computing

August 5, 2019

Loparex Acquired by Pamplona Capital Management

August 5, 2019
Advertisement BannerAdvertisement BannerAdvertisement Banner

Editor's Picks

Combatting Future Security Threats of Quantum Computing

August 5, 2019

Loparex Acquired by Pamplona Capital Management

August 5, 2019

Unisys to Exchange Approximately $130 Million of Convertible Notes for Stock and Cash

August 2, 2019

Analytics and Data-driven Culture Help Companies Outperform Business Goals

August 1, 2019

Automation Fears are Real: AI Will Affect One in Every Five Jobs in Asia–Eliminating One in Eight

August 1, 2019

Supply Chain Visibility Builds Trust With Consumers

August 1, 2019

American Businesses Are Fixing Healthcare

July 17, 2019

Stay Connected!

Subscribe to CFO Beat

  • Please choose the newsletters you would like to subscribe to.
  • Please enter your work email
LinkedIn Twitter

About Us

  • About Us
  • Contact Us
  • Subscribe
  • Contribute
  • Privacy Policy
  • Terms of Use

Topics

  • Accounting & Tax
  • Credit & Capital Markets
  • Risk & Compliance
  • Strategy
  • Technology
  • Human Capital

Business Beat Media Network:

  • CIO Beat
  • Global Trade Beat
  • Manufacturing Beat
  • Supply Chain Beat
  • Utility Beat

© 2019 Business Beat Media, LLC. All Rights Reserved.

No Result
View All Result
  • Accounting & Tax
  • Credit & Capital Markets
  • Governance, Risk & Compliance
  • Strategy
  • Technology
  • Human Capital
  • About Us
  • Privacy Policy
  • Terms of Use

© 2019 Business Beat Media, LLC. All Rights Reserved.

This site uses cookies. To see how cookies are used, please review our privacy policy. If you agree to our use of cookies, please continue to use our site. Find out more.