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.
IBM TRIRIGA includes features and functions that support accounting calculations and business scenarios related to the new accounting standards ASC 842 or IFRS 16, but IBM does not provide professional accounting advice. Each client is responsible for pursuing professional accounting services to assist them in evaluating the specific business requirements for their organization, ensuring they meet any applicable accounting requirements. For clients to receive the most up to date features, it is critical that they upgrade to the current release and promptly implement fixes as soon as they become available.
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