OPERATIONS
Recurring lease administration
After adoption of Japan’s new lease accounting standard, we take on recurring contract assessment, register updates, calculations and closing schedules, with specialist staff and CPA quality management.
01 / WHAT WE DO
Scope & purpose
New contracts, renewals, rent changes and terminations require continuing assessment and updates. We can inherit the register and policies prepared by our office, your own team or another adviser after reviewing their contents.
02 / PROCESS & HANDOFF
How the work progresses
- Receive contract changesChange list and clarification requests
- Assess and update the registerAssessment records, updated register and change history
- Calculate and reconcileCalculation schedules, journal entries and reconciliation results
- Review and deliverReviewed lease package and carry-forward matters
Illustrative workflow. The scope and deliverables are agreed for each engagement.
01Receive contract changes
Agree how sites, procurement and administration report new, renewed, amended or terminated contracts and payment or usage information. Track missing records.
Output / next handoff: Change list and clarification requests
02Assess and update the register
Apply agreed policies and criteria, record the basis and update assets, terms, payments and renewal or termination conditions. A CPA considers difficult accounting issues and presents information for management’s decisions.
Output / next handoff: Assessment records, updated register and change history
03Calculate and reconcile
Calculate right-of-use asset depreciation, lease liability interest and repayments, and revisions for contract changes. Prepare journal entry data and reconcile balances to the ledger.
Output / next handoff: Calculation schedules, journal entries and reconciliation results
04Review and deliver
A CPA reviews the deliverables. Provide schedules by agreed monthly, quarterly or annual deadlines, including annual movements and disclosure figures where included.
Output / next handoff: Reviewed lease package and carry-forward matters
Source records, business context, accounting policies, decisions and approvals.
Agreed preparation, calculations and supporting records.
Work design, significant accounting issues, review and quality management.
03 / DELIVERABLES
Deliverables & their use
- Assessment records and supporting clauses
- Updated lease register and change history
- Calculations, journal entry data and reconciliations
- Balance movement schedules and disclosure figures
The package links figures and conclusions to source information and review records. Its precise contents are agreed for the engagement.
04 / DISCUSS YOUR NEEDS
Getting started & engagement conditions
Please share your register, accounting policies, assessment criteria, systems, total number of contracts, change frequency and closing calendar. Management decides policies and individual accounting treatments. Specialist staff perform the work; the representative or another CPA manages significant issues and quality. Contracts are generally with ICHIYAMA ACCOUNTING OFFICE; depending on the engagement they may be with 株式会社CP ARCS. We identify the contracting entity and team in the proposal.
Indicative fees and conditions ↗LET’S TALK
Let’s work out your next step.
You do not need a finalized brief. Start with the challenge or the work you would like to entrust.