Partial Lease Terminations: Accounting and Best Practices under ASC 842
Introduction As a lessee, it’s important to understand how to properly account for partial lease terminations to ensure accurate financial…
Guide to ASC 842 for Nonprofits
Lease accounting has undergone significant changes with the implementation of ASC 842, and it’s crucial for non-profit organizations to understand…
How to Write a Lease Accounting Policy Memo
Among the many changes introduced with ASC 842 and IFRS 16, the new lease accounting standards, is the lease accounting…
Equipment Lease Accounting Under ASC 842
Equipment lease accounting is an important aspect of accounting that involves recording and reporting leased assets in the financial statements….
Lessee vs. Lessor Accounting Differences
If you own or operate a business that leases property or equipment, you’re probably already familiar with the concept of…
Mastering Finance Lease Accounting under ASC 842
Navigating the complexities of lease accounting under ASC 842 can seem overwhelming. However, with a clear understanding of the basic…