The Definitive Comparison of IFRS 16 vs. ASC 842
Two new accounting standards put in place within the last three years have forever changed the way businesses report their…
Calculating your Journal Entries for Operating Leases under ASC 842
With ASC 842, accounting teams must reflect all operating lease financial information on the company balance sheet. Journal entries are…
Right-of-Use Assets and Lease Liabilities – Defined Under ASC 842
ASC 842, the updated lease accounting standard from the Financial Accounting Standards Board (FASB), has finally come into force over…
Considerations for Determining Your Incremental Borrowing Rate
Accounting for and/or transitioning to the new lease accounting standards, ASC 842 and IFRS 16, has proven to be a…
How to Calculate your Lease Amortization Schedules – Excel Template
What is Lease Amortization? Lease amortization is the process of paying down an operating or finance leased asset over time….
What is a Capital Lease?
You already know what a capital lease is, at least in theory. It’s a legal contract entitling someone to use…