What are ROU Assets? An Essential Guide
What are ROU assets? An ROU asset is represents the lessee’s right to use said leased asset, real estate, equipment or other over it’s term.
FASB Tentative Board Decision: Common Control Arrangements Explained
On February 15, 2023, FASB held a board meeting and reached a tentative board decision relating to leases under common control arrangements.
Lease Liabilities: The balance sheet impact
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.
Deferred Rent for ASC 842: Overview and Examples
ASC 842 does away with the deferred rent account. All accounting for operating leases under the new standard is contained within a right-of-use asset and lease liabilities.
Ultimate Guide to IBR— the Incremental Borrowing Rate
After adopting new lease accounting standards like ASC 842 and IFRS 16, many lease accountants were presented with a new…
Your ASC 842 Survival Kit
We built our ASC 842 survival kit to help you kick start your lease accounting compliance journey. Public companies have…