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.
Quadrent, an Australasian leasing and consulting firm with nearly 20 years’ experience, is excited to announce that Marlin Brands, Australia’s leading portfolio of consumer durable brands focused on the living, gifting and convenience sectors, has chosen LOIS as the solution for transitioning to the new leasing standard IFRS 16.
The adoption deadlines for IFRS 16 compliance for organisations is a very real and imminent reality, meaning trillions of dollars’ worth of operating lease commitments will now appear on balance sheets across the world. The new guidance arose with the intention of improving on the financial reporting of all lease transactions, including the leasing of aircraft, property and equipment but it does leave CFO’s with the situation of meeting the accounting standard in a timely way.
Quadrent signs LOIS lease accounting agreement with the South Australian Government Financing Authority
Quadrent, a leading lease consultancy and providers of the LOIS SaaS lease accounting platform, is proud to confirm that Fletcher Building (FB), one of New Zealand’s largest companies and a key player in the Australasian building products, construction and manufacturing sectors, has signed to use LOIS for their transition to IFRS 16.