Standards and Regulations

ASC 842 Is Set To Disrupt Multiple Industries – Is Yours One Of Them?

by Shoshi Goldstein | May 30th, 2021

While everyone is affected by ASC 842, this far-reaching change is going to impact some organizations – in fact, some industries – more than others. Read on to find out if yours is one of those industries most affected. 

Standards and Regulations

GASB 96: The Next Big Thing

by Moshe Freedman | June 7th, 2021

GASB 96 has been called “The Next Big Thing” and its impact will be felt in every government department and related entity. In short, across the country GASB 96 is going to bring massive changes. Ensure you understand the impact this Statement will have, and are properly prepared to adopt it seamlessly.

Accounting

Lease Accounting: The $1 Billion Software Market You’ve Never Heard Of

by Isaac Heller | June 6th, 2021

New Lease Accounting regulations have created a $1B software market almost overnight. This post summarizes the changes and impacts of these new regulations.

Standards and Regulations

Delayed Twice, But Finally Here: When Is The Exact ASC 842 Deadline?

by Moshe Freedman | May 12th, 2021

The ASC 842 standard has been delayed and then delayed again, but finally, it’s here. But when exactly is the ASC 842 deadline?

Accounting, AI, Standards and Regulations

Webinar Recap: Leveraging AI for Lease Accounting

by Shoshi Goldstein | May 5th, 2021

In this webinar Deloitte Partner - Accounting and Reporting Advisory Ashok Parmar and Trullion Co-founder and CEO Isaac Heller discussed ways to leverage technology and AI for rapid growth.

Accounting, AI, Standards and Regulations

Trullion: The World’s First AI-powered Lease Accounting Platform

by Shoshi Goldstein | May 3rd, 2021

Trullion is the world’s first AI-powered lease accounting platform. Our software allows you to drag & drop any PDF or Excel file, and the AI will automatically detect critical data for accounting automation.

Accounting, AI

AI for Firms: Leveraging Modern Technology for Lease Accounting & New Standards

by Shoshi Goldstein | May 2nd, 2021

Join Trullion CEO Isaac Heller on Wednesday, May 19 at the ncaCPA Business & Industry Spring Conference. Due to recent technological innovations the CPA profession is on the verge of a great transformation. This session focuses on what CPAs need to know about artificial intelligence, starting with identifying what exactly artificial intelligence is and possible implications for CPAs.

Accounting, AI

Simplifying Tech That’s Disrupting the Accounting Industry: What’s Next in Machine Learning and Artificial Intelligence Innovation

by Shoshi Goldstein | May 2nd, 2021

Join Trullion CEO Isaac Heller and Botkeeper VP Strategy Jody Padar on May 21 at the Rainmaker Virtual SuperConference. In this session, Isaac and Jody will discuss new technologies that are disrupting the accounting industry.

Accounting

10m+ Leases Could Go On The Balance Sheet By 2021

by Isaac Heller | April 8th, 2021

According to a recent US business census, there were 5.8 million businesses registered in the USA. This includes everything from a 1-person marketing freelancer to Fortune 100 Company.

Standards and Regulations

GASB 96 Summary, Overview and Effective Date

by Isaac Heller | January 19th, 2021

Read this article to find out what GASB 96 is about, when is its effective date and how your organization should prepare.

Accounting, Standards and Regulations

Revenue Recognition (ASC 606): Can AI Help?

by Isaac Heller | January 4th, 2021

In the process of building our accounting software company, we've found myriad ways in which AI can help accountants operating under ASC 606 revenue recognition standards.

Standards and Regulations

ASC 842 Summary

by Isaac Heller | December 19th, 2020

In this article, you'll find a summary of ASC 842, plus adoption deadlines, operating lease criteria and tips for preparing for the regulation to kick in.

Standards and Regulations

ASC 842 Effective Date

by Isaac Heller | November 5th, 2020

When does ASC 842 come into effect, and when should you start preparing? All answers in the article.

Standards and Regulations

GASB 87 Summary – Effective Date, Main Changes and How to Prepare

by Isaac Heller | November 5th, 2020

Everything you need to know about GASB 87 - summary, effective date, main features and how to prepare.

Accounting

What Is The Lease Commencement Date – How To Determine When Your Lease Starts

by Isaac Heller | November 5th, 2020

Find out what Lease Commencement Date really means, how to calculate it properly and how to use AI software to expedite the process.

Accounting

Could Reading Leases Cost Accounting Teams $1 Billion By 2021?

by Isaac Heller | August 19th, 2020

Under ASC 842 (and GASB 87 and IFRS16) you will need to collect those data points, along with options, escalations, CPI, incentives, allowances, improvements and other risk factors.