Leasing Services

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Leasing Services

FAS Lease AG offers a comprehensive range of leasing services for lessees and lessors/leasing companies.

Support, implementation and optimisation of lease accounting

Lease accounting under international law has changed fundamentally and requires new knowledge and harmonisation of the process for mapping the various requirements of local and international law.

We support you with specific accounting and interpretation issues and draw up individual guidelines.
We offer training courses and workshops on accounting under IFRS 16, HGB and US GAAP.
We take care of the accounting for your leasing portfolio using LeaseBOX (managed service), thereby relieving the burden on your operational staff.
We assess the current situation and provide concrete optimisation approaches (e.g. closing process, options, interest rates, term, guidelines, reporting, etc.).

Automation of lease accounting

Even after implementing the new requirements under IFRS and US GAAP, many companies still use MS Excel® for lease accounting. This causes difficulties with non-standard lease agreements and, in particular, with contract amendments during the term. Accounting involves a high level of manual effort and is often prone to errors, meaning that audit certainty is often not guaranteed in the long term.

Determining the disclosures required by local law is also often cumbersome, as not all information is available in one place. Here, too, it may be advisable to introduce a software solution that can evaluate the existing data and generate the required quantitative information.

We work with you to optimise and automate your lease accounting, increasing security while reducing effort. Together, we examine which solution is most suitable for your lease portfolio and accompany you throughout the selection and implementation process and beyond.

Even with software solutions that are already in use, there are usually still technical and procedural opportunities for improvement. With our experience from a wide range of implementation and optimisation projects (e.g. LeaseBOX, SAP RE-FX), we can work with you to improve data quality and often make the closing process more efficient.

Conversion of lease accounting to IFRS/US GAAP.

The conversion of lease accounting involves converting previous local accounting practices to IFRS or US GAAP (keywords: classification according to operating leases and finance leases or application of the right-of-use approach).

Support with planning/budgeting and lease controlling

FAS Lease AG is an associate partner of the BDL (Federal Association of German Leasing Companies).

Controlling must be able to master the new requirements for planning and budgeting, possibly based on different initial data, and deliver reliable figures for the group. In addition, the impact of leases on the balance sheet under the new right-of-use approach (IFRS and US GAAP) has increased the importance of monitoring key influencing factors and indicators (e.g. EBIT, debt-to-equity ratio) in connection with leasing. As experts, we support you in developing effective controlling. To this end, we have developed LeaseCOCKPIT, which we would be happy to present to you in a non-binding webinar.

Development of leasing strategies and control models and their implementation within the group

Leasing strategies are often not documented or are implemented inconsistently. Decentralised units circumvent investment freezes by concluding leasing agreements, or leasing is used for reasons that run counter to the overall interests of the company. In addition, new accounting requirements necessitate a review of the strategy with regard to its impact on financial performance indicators. Furthermore, there is often no complete overview of leasing partners and conditions across the group. Here, we provide support in developing a leasing strategy, optimising the leasing portfolio and rolling it out across the group.

KWG ‘light’

Under the KWG, leasing companies are also subject to supervision by the BaFin. We advise our clients on setting up the appropriate organisation (in particular MaRisk) and structuring reporting requirements. We also actively support our clients operationally in fulfilling their reporting obligations under the KWG ‘light’ or in taking over internal auditing.

Technical support for all accounting issues relating to leasing companies

We support leasing companies with our specific industry knowledge in all accounting matters, particularly manufacturer leasing. We assist you in planning and implementing your projects as well as providing operational support in your departments whenever you need it.

Get in touch with us

We would be happy to discuss your questions and current challenges with you!

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