Breaking Down Lease Accounting Journal Entries
Lease accounting journal entries are an essential aspect of maintaining accurate financial reporting and compliance with accounting standards. For commercial…
Ultimate Guide to Lease Accounting For New Controllers
As a new controller, understanding lease accounting is pivotal to your role, especially with the intricacies introduced by ASC 842….
The Ultimate Lease Accounting Month-End Checklist
As a finance or accounting professional, you understand the importance of a smooth and accurate month-end close process. With the…
Lease Impairment Accounting
When a company leases an asset like office space, retail space or equipment like delivery trucks or company laptops, it…
Lease Impairments Impact on ROU Assets
With the adoption of the new lease accounting standards, IFRS 16 and ASC 842, Right-of-Use (ROU) assets have become an…
Annual Impairment Test
Companies that lease assets such as real estate, equipment, or vehicles must now be compliant with the new lease accounting…