"Achieving SOX Compliance and Financial Performance: The Equipment Lessee's Handbook"

Handbook

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Subtitle

"What a Finance Executive Must Do to Satisfy Auditors, Shareholders, and Internal Stakeholders – 20 Best Practices for Your Leasing Operations"

Price

$179 United States

Summary

This handbook shows finance executives and leasing practioners how to:

  • Become familiar with the laws and compliance standards related to leasing operations
  • Obtain the latest information about SOX’s impact on lease operations, accounting, and reporting
  • Identify the problems with leasing operations typically found in lessees
  • Understand what is required from their team to fix operations and drive bottom-line results
  • Apply the best practices to obtain goals and meet requirements
  • Build a business plan for improving both compliance and the financial performance of leasing operations

This 40+ page handbook includes survey information revealing why lessee's choose leasing; a complete list of laws, regulations, and standards with explanations of their relevance and application; and detailed process diagrams explaining how to perform step-by-stem line item reconciliation and coding, and closed-loop asset-level accounting and tax.

The Problem

In an effort to meet SOX (Sarbanes-Oxley Act of 2002) compliance standards, today’s lessee finance executives must focus on finding ways to maintain the accuracy of their accounts while simultaneously improving the company’s financial performance. SOX legislation has raised the stakes by introducing criminal penalties for company executives if financial statements do not fairly and accurately represent the financial condition and results of a company. The unfortunate reality is that finance executives lack the visibility, controls, and resources needed to properly manage leasing operations. As a result of the demands of SOX and other financial management concerns, most companies cannot afford practices that result in compliance exposures.

The Solution

Using innovative practices, finance executives can improve leasing operations while attaining SOX compliance. Leasing represents an aspect of financial management that, in most companies, could benefit from the diligence that results from SOX compliance. Through effective leasing operations management following the 20 Best Practices detailed in the Handbook, businesses can speed time to compliance, reduce costs, increase efficiency, and drive greater profits.

Who should read this Handbook

  • CFOs
  • Treasurers
  • Controllers
  • Compliance Officers
  • Leasing Managers

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