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Lease Accounting Platform Setup – FASB & IFRS

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COURSE ID:

16 A

COURSE DESCRIPTION:

This course is designed to cover the setup required to best leverage Visual Lease’s Lease Accounting Module and enable you to gain compliance with the newest Accounting standards. By the end of this course, you’ll know how to set up your platform to reflect any preferences you have regarding your accounting calculations, including discount rates, calculation methodology, classification tests and other default settings.

 

COURSE MATERIALS:

Course Features

  • Lectures 0
  • Quizzes 0
  • Duration 16:05
  • Students 0
  • Assessments Yes

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DATE OF UPLOAD

October 28, 2020

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William Harter

Subject Matter Expert, Lease Accounting

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Welcome to Training with Visual Lease.  The purpose of this course is to explore the General tab of a lease record.

By the end of the course you will understand how to

  • Navigate the fields captured on the General tab
  • How to update these fields easily and efficiently through the lease record or our import tool

Let’s jump into the platform to begin.  I’ll use my Recently Opened window in the top right of my Lease Dashboard to open an existing lease record.

Lease records are intuitively organized into various tabs that help you enter and view relevant information, as well as access additional lease functionality.

On the left, you’ll find the Lease Sidebar, which remains on the screen as you navigate through the lease record. It summarizes key details from the General and other tabs and offers additional quick links and actions.