#Japan #Tokyo #Lease Accounting #ProShip #IFRS16

Proship Launches New Seminar on Lease Accounting Standards

Proship Inc., headquartered in Chiyoda, Tokyo, has recently kicked off a series of free online seminars titled "Practical Program for New Lease Accounting Standards," aimed at easing the practical burdens on businesses preparing for the upcoming IFRS 16 compliance deadline in April 2027. The third installment of this series will specifically tackle the operational challenges faced by companies that have already begun applying IFRS 16, which governs lease accounting.

Background and Significance of the Third Session

As companies gear up for mandatory compliance with the new lease accounting standards next fiscal year, they are encountering new challenges alongside their preparations. Many businesses, after finalizing their policy adjustments and understanding the regulatory framework, are finding themselves overwhelmed during the operational phase. Reports suggest that companies which early-adopted IFRS 16 are experiencing unexpected workload increases that complicate their daily operations.

These operational burdens include ongoing tasks such as managing contract information, tracking changes, handling journal entries, and preparing for audits, which are more extensive than anticipated. Keeping these considerations in mind, the third seminar emphasizes the “Reality of the Operational Phase,” directing attention towards solutions for practical challenges that must be addressed beyond mere compliance with the standards.

Key Highlights of the Seminar

In this upcoming session, scheduled for May 28, 2026, participants can expect to delve into specific operational challenges and viable solutions related to the new lease accounting standards. The seminar will cover:

• - Real-life examples of increased operational burdens post-implementation based on experiences from companies applying IFRS 16
• - Identifying bottlenecks in day-to-day operations, including contract management, amendment handling, and journal processing
• - Strategies for alleviating practical burdens while establishing a sustainable operational framework
• - Key points for operational design that anticipates audit considerations

Additionally, Proship has been actively developing and enhancing various functionalities based on feedback from early users who shared their desire to lessen practical workloads. This session will present the latest solutions aimed at resolving on-the-ground challenges while ensuring smooth compliance and operation within organizations.

Event Details

• - Date and Time: May 28, 2026 (Thursday), 1:30 PM to 2:30 PM (JST)
• - Format: Online seminar (live streaming)
• - Speakers: Kiyohisa Nakata (Certified Public Accountant and Representative at Knowledge Network), Shunsuke Tazumi from Proship
• - Cost: Free (Requires pre-registration)
• - Register here for the seminar

This seminar is part of the broader "Practical Program for New Lease Accounting Standards" series, which includes 14 sessions. Participants can also look forward to future sessions reviewing various aspects of compliance with the new standards.

Expanding Support for Adaptation to New Lease Accounting Standards

The newly introduced lease accounting standards largely mirror those established under IFRS 16, which began implementation in 2019. Proship boasts over 100 projects with corporations transitioning to these standards, providing extensive assistance grounded in its long-standing expertise in asset management systems. With more than 40 years in the field, Proship aims to mitigate the operational impacts of the regulatory changes through comprehensive service offerings, including pre-implementation content like impact assessments and specialized consulting services.

The company continually strives to enhance its capabilities by leveraging the insights gained from existing clients to address emerging challenges swiftly. Grouping system implementation with continuous operational support positions Proship as a leading partner in navigating these complex standards successfully.

For detailed information on the seminar and registration, please visit Proship's website. Explore the various offerings designed to facilitate a seamless transition to these new regulations while safeguarding the integrity of your business operations.