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Financial
Computer
Systems, Inc. |
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196
Danbury Road
Wilton, CT 06897 |
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For the most
comprehensive, flexible, and powerful lessee
lease accounting system, your choice is Financial
Computer Systems' lease accounting service.
Our lead lease accounting product for over 30
years, our service incorporates our unparalleled
expertise in a package that can be customized
to fit your specific needs. No other system
offers the combination of over 200 report forms,
fiscal dates (including 13-period years), over
20 types of depreciation, customized ties to
internal general ledger systems, book and tax
reporting, foreign currency translations, subtotaling
and consolidation, reporting at any time for
any dates (past, present, or future), and full
audit trails that enables FCS to meet the most
demanding needs of lessees complying with the
FAS 13 lease
accounting standard. Lessee leases, subleases,
lessor leases, and leasehold improvements are
all accommodated. |
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Automatic
classification and capitalized value/rate computations
for every lease, including detailed results of
all capital/operating tests. |
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Balance Sheet and
Income Statement (P&L) activity by period
with ending balances presented by lease and consolidated. |
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Complete footnote
disclosures of future rent commitments. |
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Straight-lining of
rents for operating leases with scheduled rent
increases (when desired). |
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Additions, early terminations
(full or partial), corrections, renegotiations,
transfers (additions and terminations), and normal
termination adjustments calculated automatically. |
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Any Time Reporting:
Allows you to select any time frame for reporting:
past, present, or future. Fully Year-2000 (Y2K)
compliant. Fiscal dates (any day of the year,
any number of reporting periods per year) are
permitted. |
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Consolidations: Reports
can be subtotaled and consolidated based on user-defined
criteria. |
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Complies with both
corporate (FASB) and governmental (GASB) standards.
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Complies with Canadian
lease accounting standard CICA 3065. |
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Full accrual reporting
provided. |
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Complete audit trail;
all changes to the database are permanently tracked
and can be reversed if needed. |
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FAS 52 currency translation
with full gain/loss reporting. |
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FAS 121 impaired asset
accounting (total or partial impairments). |
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Full tax accounting
with reconciliation to and differentiation from
book accounting. |
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Full integration of
subleases and leasehold improvements with their
associated prime (lessee) leases. |
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Forecasting with
option to renew expiring leases (including optional
inflation factor). |
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Unlimited space for
descriptive information, which can be used for
sorting, selecting, and subtotaling. |
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Unlimited number of
rent steps (changes in rent amount). |
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Customized reports
available to meet the most demanding or specialized
need, if our 200 reports don't fit what you're
looking for. Custom-programmed interfaces to your
internal accounting systems available. |
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Expert technical assistance
on all aspects of leasing included. |
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| We can provide references from
both large ("Fortune 500") and small
corporations who have found our service the best
solution for lease accounting. They include clients
of all the major accounting firms (the "Big
Four"), all of whom have been fully satisfied
by our reporting. |
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| For more information on
how our service can solve your lease accounting needs,
see our home page for various
ways to contact us. We look forward to serving you. |
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| For more basic needs, see our
EZ13 Lease Accounting software
for PCs. |
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