BKD Launches New Lease Solution

News Release Oct 31, 2019

NATIONAL OFFICE – BKD CPAs & Advisors is pleased to announce the addition of a new tool: BKD LeaseVision. The three-part solution was created to help organizations implement GASB 87 and FASB Accounting Standards Codification 842 on lease accounting with ease.

“BKD is excited to offer this tool to help our clients succeed,” said Director Amy Shreck, one of BKD LeaseVision’s developers. “We look forward to using the LeaseVision tool to consult with organizations to help implement these complex lease standards.” 

BKD LeaseVision uses an artificial intelligence (AI) tool when appropriate to extract key lease terms from various lease types, a road map to help provide an in-depth process framework and an Excel-based tool to help perform calculations and develop lease amortization schedules. 

FASB recently approved the delay of FASB’s lease accounting standard effective date. However, “despite this delay, we are encouraging our clients and prospects to be proactive and start the process now,” said Director Jessica Richter, one of BKD LeaseVision’s developers.

To learn more about BKD LeaseVision or schedule a meeting, contact your local BKD trusted advisor or email leasevision@bkd.com

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