#Japan #Tokyo #Lease Accounting #ProShip #IFRS 16

Introduction to Proship's Free Course

Proship Inc., headquartered in Chiyoda, Tokyo, has announced the launch of a free practical program to prepare finance and accounting professionals for the new lease accounting standards set to take effect in April 2027. This program consists of 14 sessions and will run intensively from May to September 2026.

Purpose of the Program

The new lease accounting standards will require nearly all lease transactions to be recorded as assets and liabilities on balance sheets, fundamentally changing financial reporting. While this rule introduces new burdens, understanding its implications and employing effective strategies can significantly lessen the operational impact. Proship's program aims to share insights on how to minimize practical burdens, particularly focusing on aspects pertinent to audits.

Key Perspectives of the Program

The course will address several critical perspectives:

• - Utilizing simplified approaches to streamline processes.
• - Establishing numerical significance criteria to validate judgments.
• - Considering the applicability range as narrowly as feasible.
• - Organizing judgment grounds to set lease durations as short as possible.

By integrating these viewpoints, the program aims to equip participants with the necessary tools and knowledge to negotiate more effectively with auditing firms regarding the new standards.

Unique Features of the Program

1. Expert-Led Discussions: The course will feature discussions with renowned accounting authority Kiyoharu Nakata and seasoned advisors experienced in IFRS 16 compliance. This format allows participants to navigate between regulatory theory and real-world application seamlessly.

2. Comprehensive Examination of Practical Issues: The curriculum includes critical topics such as lease identification, significance, lease period assessment, consolidation elimination, business processes, and system responses. Participants will gain a thorough understanding of effective strategies to minimize their administrative workload and facilitate smoother discussions with auditors.

3. 14-Session Intensive Format: Running from May to September, this program will predominantly be online, enabling participants nationwide to engage continuously. The second session will be conducted in person, featuring a discussion of real-world examples from other companies.

Detailed Course Outline

The course will cover the following sessions:

• - Session 1: Identifying relevant contracts and defining them narrowly.
• - Session 2: In-person insights into on-site practical responses from other enterprises regarding the new standards.
• - Session 3: System functionalities necessary based on experiences with IFRS 16.

... (and so forth for all 14 sessions)

Registration and Information

The sessions are free and require pre-registration. For details and registration, please visit Proship's Seminar Page.

Proship's Background

Founded in 1980, Proship has over 40 years of experience specializing in fixed asset management software. Their product, "ProPlus," has been implemented by over 5,500 companies and is trusted by a variety of large enterprises across diverse industries. The firm emphasizes high quality, comprehensive features, and prompt responses to regulatory changes. With a unique edge, ProPlus integrates globally and addresses various international tax frameworks.

For More Information:

• - Company Website: Proship
• - Contact Us: Contact Form
• - Lease Accounting Guide: New Lease Accounting Standards Guide

This free educational initiative demonstrates Proship's commitment to supporting its clients in navigating the complex landscape of new lease accounting regulations effectively.