Multi-Standard Compliance
Multi-standard compliance is the ability to apply multiple lease accounting standards simultaneously to the same lease portfolio. Organizations with international operations or government contracts often need ASC 842, IFRS 16, and GASB standards running concurrently.
Why it matters
Many organizations report under multiple standards. A multinational corporation may need ASC 842 for US reporting and IFRS 16 for international subsidiaries. A government contractor may need both ASC 842 and GASB 87. Managing separate calculations for each standard without a platform that supports concurrency means duplicate data entry and reconciliation.
Lease accounting platforms that support multiple standards maintain parallel calculations for each applicable framework, ensuring that a single lease can generate correct outputs under ASC 842, IFRS 16, and GASB simultaneously.
How Arvexi handles this
Arvexi runs multiple standards simultaneously on the same lease portfolio: ASC 842, IFRS 16, GASB 87, GASB 96, and FRS 102. Each standard produces its own calculations, journal entries, and disclosures from a single set of lease data. No separate instances or duplicate entry required. Multi-standard journal entries flow directly into the Financial Close consolidation workflow, and Lease Accounting maintains separate books per standard from a single data source.
Explore how Arvexi automates this: Lease Accounting · Financial Close · Lease Review