FRS 102: Spreadsheets Vs. Lease Accounting Software

Key considerations for optimising compliance

Spreadsheets are undoubtedly versatile business tools, effective for internal reporting, budgeting, and data modeling. However, their suitability for supporting complex, business-critical tasks like lease accounting compliance is questionable.

Understanding the full scope and implications of FRS 102, IFRS 16, and FASB ASC 842 is crucial for maintaining accurate and efficient lease accounting practices. While spreadsheets are familiar, they may not always be the best choice for managing the complexities of these standards. Transitioning to and maintaining compliance with these lease standards using spreadsheets can present significant challenges.

What you'll learn in this guide:

This guide explores the pros and cons of using spreadsheet applications for FRS 102, IFRS 16, or FASB ASC 842 compliance. It also evaluates how spreadsheets compare to purpose-built lease accounting software.

Download the guide for insights on:

Spreadsheet Lease Accounting - Pros and Cons
Excel vs. Lease Accounting Software Comparison
Where to Place Your Confidence When Choosing the Tools for Implementation and Compliance

Download the guide now to make your lease accounting processes more efficient and compliant.

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Why IRIS Innervision?

IRIS Innervision’s lease accounting software is a proven solution that simplifies compliance with the IFRS 16, FRS 102, and ASC 842 standards. Thousands of finance professionals around the world rely on IRIS Innervision to transform their leasing processes, centralise their data and automate lease accounting compliance.