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KPMG Leasing Tool/September 2017 KPMG Leasing Tool The accountant-built solution to the latest lease accounting challenge KPMG embedded our leading accounting insight into an Intelligence Engine specifically to address the new ASC 842 and IFRS 16 lease accounting standards. KPMG Leasing Tool for IBM ® TRIRIGA ® (KPMG Leasing Tool) enables clients to quickly and efficiently implement a holistic, long-term compliance solution. The new standards are here. Are you ready? The new FASB and IASB lease accounting standards have been set, yet most finance executives KPMG professionals have spoken to remain unprepared. Delaying preparation will exponentially increase the resource and cost burden of adoption. In combining KPMG’s expertise with IBM’s technology platform, we offer a compelling solution from the perspective of an accountant. KPMG Leasing Tool has already begun helping multiple clients with complex lease portfolios adopt the new accounting standards well ahead of effective date. Of the finance executives surveyed in Q2 2016: 47% 92% 81% said they have not started to assess the impact of the new standard. expect a need for a new IT system; however, have not started implementation. Individual lease inputs help capture all appropriate information for lease calculations. Automated work flow approval process includes a special review with audit trail for complex leases. Certification by reporting unit enables key users to validate the completeness of their lease population. Individual lease cash flow and amortization schedules under both current and future accounting standards. Creates a transitional balance sheet and journal entries for the comparative periods selected. Automated journal vouchers can be used to upload data to reporting unit financial reporting systems. Generates individual business unit and consolidated disclosure reports. Prepopulated standard reports or customized reports. Enables expanded ‘business intelligence’ reporting beyond the financial reporting calculations. Completeness and data capture Financial reporting and disclosures Business intelligence reporting How KPMG Leasing Tool can help KPMG Leasing Tool is a pre-configured SaaS cloud-based application that is simple and fast to implement. This robust tool offers clients leading capabilities in the areas of: © 2017 KPMG International Cooperative (“KPMG International”). KPMG International provides no client services and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.

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Page 1: KPMG Leasing Tool · KPMG Leasing Tool/September 2017 KPMG Leasing Tool The accountant-built solution to the latest lease accounting challenge KPMG embedded our leading accounting

KPMG Leasing Tool/September 2017

KPMG Leasing ToolThe accountant-built solution to the latest lease accounting challenge

KPMG embedded our leading accounting insight into an Intelligence Engine specifically to address the new ASC 842 and IFRS 16 lease accounting standards. KPMG Leasing Tool for IBM® TRIRIGA® (KPMG Leasing Tool) enables clients to quickly and efficiently implement a holistic, long-term compliance solution.

The new standards are here. Are you ready?The new FASB and IASB lease accounting standards have been set, yet most finance executives KPMG professionals have spoken to remain unprepared. Delaying preparation will exponentially increase the resource and cost burden of adoption.

In combining KPMG’s expertise with IBM’s technology platform, we offer a compelling solution from the perspective of an accountant. KPMG Leasing Tool has already begun helping multiple clients with complex lease portfolios adopt the new accounting standards well ahead of effective date.

Of the finance executives surveyed in Q2 2016:

47% 92% 81%said they have not started to assess the impact of the new standard.

expect a need for a new IT system; however,

have not started implementation.

— Individual lease inputs help capture all appropriate information for lease calculations. — Automated work flow approval process includes a special review with audit trail for complex

leases. — Certification by reporting unit enables key users to validate the completeness of their lease

population.

— Individual lease cash flow and amortization schedules under both current and future accounting standards.

— Creates a transitional balance sheet and journal entries for the comparative periods selected. — Automated journal vouchers can be used to upload data to reporting unit financial reporting

systems. — Generates individual business unit and consolidated disclosure reports.

— Prepopulated standard reports or customized reports.

— Enables expanded ‘business intelligence’ reporting beyond the financial reporting calculations.

Completeness and data capture

Financial reporting and disclosures

Business intelligence reporting

How KPMG Leasing Tool can helpKPMG Leasing Tool is a pre-configured SaaS cloud-based application that is simple and fast to implement. This robust tool offers clients leading capabilities in the areas of:

© 2017 KPMG International Cooperative (“KPMG International”). KPMG International provides no client services and is a Swiss entity with which the independent member firms of the KPMG network are affiliated.

Page 2: KPMG Leasing Tool · KPMG Leasing Tool/September 2017 KPMG Leasing Tool The accountant-built solution to the latest lease accounting challenge KPMG embedded our leading accounting

Contact us

Marybeth ShamrockAccounting Change Services and Leasing Leader Partner, Accounting Advisory ServicesKPMG in the UST: 216 875 8158E: [email protected]

Don CodutoNew Leases Standard Implementation Lead Director, Accounting Advisory ServicesKPMG in the UST: 312 665 1481E: [email protected]

Dean BellPartner in Charge, US Head of Accounting Advisory ServicesKPMG in the UST: 212 872 5527E: [email protected]

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

© 2017 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

The KPMG name and logo are registered trademarks or trademarks of KPMG International.

Designed by Evalueserve. Publication name: KPMG Leasing Tool. Publication number: 134615-G. Publication date: September 2017

kpmg.com/socialmedia

kpmgspectrum.com

For companies looking to simplify long-term compliance with the new standards, KPMG Leasing Tool has demonstrated a leading path forward. No matter how large and complex your lease inventory, KPMG Leasing Tool can help reduce adoption resource and cost burden while adding value to your lease accounting process.

KPMG Leasing Tool is the Clear Choice

— KPMG member firms provide a holistic approach to this challenge — from trusted accounting change services to the KPMG Leasing Tool, a SaaS cloud-based application.

— KPMG professional’s accounting change experience led us to develop this application, which organizes data cleanly and compellingly from the perspective of an accountant.

— Easy to adopt, pre-configured, cloud-based subscription enables clients to reduce the burden of IT infrastructure investments and ongoing maintenance costs.

— Tested and refined: years of production experience with multiple clients.

Lease accounting change insights and resources

KPMG member firms help clients understand lease accounting changes as they happen. Access our lease accounting change thought leadership here: kpmg.com/us/leaseaccounting.

KPMG Leasing Tool is not permissible for KPMG audit clients and their affiliates.

Project management

Accounting diagnostic

— Mirrors a company’s specific internal organization and desired project structure.

— Admin assigns each individual user to a specified reporting unit with a defined role, in order to facilitate automated work flow and approvals.

— Dashboard reports track key metrics such as status, outstanding items, completed items or a wide range of user-defined metrics as defined by the user.

— Assists with the initial assessment of identifying potential accounting gaps and impacts to accounting and financial reporting process, systems, controls, tax, and other areas of your organization.

— Key questions related to lease portfolio characteristics are included where differences in current US GAAP and the new standard are likely to arise. The output is incorporated into an assessment report, including heat maps highlighting key impact areas.