Month: April 2025

ISO20022 and Electronic Reporting

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ISO20022 format details

🤔ISO20022 ISO 20022 is a multi part International Standard prepared by ISO Technical Committee TC68 Financial Services. ISO20022 and Electronic Reporting configuration Message Message Set Type Direction Electronic Reporting Configuration Description CAMT.053 format Cash Management BankToCustomerStatement Inbound Camt.053 Format Bank Account Statement for Reconciliation CAMT.054 format Cash Management BankToCustomerDebitCreditNotification Inbound ISO20022 Camt.054 format Settlement Return … Read more

Asset Leasing Overview

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AssetLeasing flowchart

Asset Leasing posting Accounting Standard Lease Transition Lease Classification Debit Credit US GAAP Operating Initial Recognition ROU Asset Lease Liability US GAAP Operating Interest Expense Lease Expense Lease Liability US GAAP Operating Lease Payment Lease Liability Payment Clearing US GAAP Operating Depreciation Lease Expense Depreciation US GAAP Finance Initial Recognition ROU Asset Lease Liability US … Read more