Financial
Computer Systems is a major independent provider
of
lease
accounting software and services to help
corporations throughout the United States and
Canada. Our services satisfy the requirements
of accounting regulations FAS 13 (
Accounting
for Leases, now known as ASC 840) and the Canadian equivalent, CICA
3065, as well as the
largely similar regulations
effective in many other nations
covered by the International Accounting
Standards Board's IAS 17. Our primary software
offering,
EZ13, is used
by companies ranging from the Fortune 500 down
to small CPA firms.
FCS has been in the business of computerized
lease accounting solutions since 1975, even
before FAS 13 was issued. We are experts, with
a particular emphasis on accounting for lessees
(those who pay rent and have use of the assets being leased).
We can help you not only do your lease accounting,
but also make wise decisions about when to buy
and when to lease, structure leases for maximum
benefit, and learn from the experiences of others.
Our solutions provide complete accounting for
both capital
leases and operating leases, including operating leases with
scheduled rent increases as described in FASB
Technical Bulletin 85-3.