The new standards, ASC 842 and IFRS 16, create new challenges for lessees. Get our tips and tricks for lease accounting compliance.
You put in the hard work to transition to ASC 842, the new lease accounting standard. You’ve got your amortization schedules and your journal entries sorted out. Everything seems to be going well, but there is only one surefire way…
Two new accounting standards put in place within the last three years have forever changed the way businesses report their…
With ASC 842, accounting teams must reflect all operating lease financial information on the company balance sheet. Journal entries are…
ASC 842, the updated lease accounting standard from the Financial Accounting Standards Board (FASB), has finally come into force over…
Accounting for and/or transitioning to the new lease accounting standards, ASC 842 and IFRS 16, has proven to be a…
What is Lease Amortization? Lease amortization is the process of paying down an operating or finance leased asset over time….
You already know what a capital lease is, at least in theory. It’s a legal contract entitling someone to use…