<aside> 💡 The IBM TRIRIGA Lease Accounting content is also available at this IBM Documentation (3.8.0 PDF) link.
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IBM TRIRIGA Real Estate Management software helps you generate higher returns from real estate transactions, avoid lease penalties and over-payments, and streamline lease accounting practices. It incorporates current lease accounting standards so you can be up-to-date with industry best practices. Plus, it helps real estate executives make more-informed real estate decisions to reduce occupancy and operating costs.
Use the Accounting tab of the lease form to specify the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) information. This information includes the accounting details, borrowing rate, growth assumptions, rent component assumptions, and likely term option. This tab also calculates the lease treatment or lease classification for FASB-IASB. The form shows this tab only if you have access as a Lease Accountant role with a Real Estate Manager license.
Best Practices for Lease Accounting
IBM TRIRIGA 10.7.0 includes new and enhanced TRIRIGA Lease Accounting features, such as asset class enhancements and IFRS reversal impairment. For complete details on these changes, see the IBM TRIRIGA Release Notes for 10.7.0 and 3.7.0.
For specific Lease Accounting details on the updates, download the combined IBM TRIRIGA Release Notes for 10.5.3-10.7.0 (Lease Accounting).