Quadrent, providers of the LOIS SaaS lease accounting platform, is proud to announce that Canon Australia have signed and are live on the LOIS solution for the lease transition under both FASB and IFRS 16.
As a large popular brand, Canon Australia required the day-to-day functionality within LOIS for the streamlined FASB 842 accounting for their management reporting. In addition, the ability to also process IFRS 16 entries for their statutory accounts made LOIS a strong choice.
Quadrent looks forward to supporting the FASB functionality within LOIS to ensure that Canon can quickly and accurately handle the new accounting changes within their corporate business reporting process.
Find out more about LOIS here.