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Leases

The FAS Group bundles all its services relating to the reporting of lease transactions in FAS Lease AG. Services provided by FAS Lease AG comprise:

Lease reporting services

Lease reporting services relate to both lessors and lessees and focus in particular on:

• Implementation and optimisation of legal reporting for lease transactions (classification, posting and accounting according to IAS / IFRS, US GAAP and HGB)
• Conversion of lease accounting according to IAS / IFRS, US GAAP and BilMoG
• Support in preparing financial statements and auditing lease transactions / leasing companies
• Preparation of leasing-specific accounting guidelines and training
• Project-related personnel support to bridge bottlenecks and transfer expertise
• Professional statements

Management reporting (e.g. planning, budgeting, forecasting), risk reporting (e.g. residual value risk management ) and regulatory reporting (e.g. KWG light, corporate governance) are also supported, and valuation services and post-deal services in the field of leasing are offered.

Lease reporting applications

• With the FAS LeaseBOX (for details, see “Toolbox”), lease reporting applications contain standard software for classifying, posting and accounting for lease transactions in accordance with IAS / IFRS and US GAAP. The services include:

• licensing,
• customising and
• software maintenance / service.

The full package product ranges from the realisation of customised interfaces for integrating the FAS LeaseBOX into the customer’s existing IT infrastructure through to regular updates and a helpdesk that is available at all times.

Besides the standard software, we offer the development and support of customised leasing solutions in the fields of legal reporting (IAS / IFRS / US GAAP, HGB, local GAAP), management reporting and risk & regulatory reporting.

This also includes the implementation of the new banking regulatory requirements for leasing companies (KWG light), such as the validation of leasing contract data, separation of operating and finance leases, reporting according to the German Bank Accounting Directive (RechKredV) and object-based residual value risk management.

FAS Lease AG is a member of the Federal Association of German Leasing Companies (Bundesverbandes Deutscher Leasing-Unternehmen e.V. – BDL).