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) and the Canadian equivalent, CICA
3065, as well as the
largely similar regulations
effective in many other industrialized nations
covered by the International Accounting
Standards Board's IAS 17.
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.