What Every Accountant Should Know About ROU
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ASC 842 and IFRS 16 have drastically changed the face of lease accounting. The ROU, or “Right of Use” asset…
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With ASC 842, accounting teams must reflect all operating lease financial information on the company balance sheet. Journal entries are foundational to recording the accounting transactions associated with your lease portfolio. Under ASC 842 operating lease journal entries require recording:…
“I did not appreciate how important the lease administration piece was in coming up with accurate lease accounting.” Read how Black Rock switches to Occupier for lease admin + accounting.
The collapse of Silicon Valley Bank has immediate implications on early-stage tech startups, especially those looking to make payroll and…
In light of the Silicon Valley Bank collapse this past week, we felt compelled to outline an important covenant in…
The commercial real estate industry’s shift to digital is well underway. Transaction management software has become a large part of…
Lovin’ ❤️ leases is one way to scale a real estate footprint. Another is deploying a brick-and-mortar strategy that centers around your customer.
Now that many businesses are going through their first year and first audit under the new standard, the true impact of lease liabilities on the balance sheet is a lot clearer.