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…
Accounting for lease incentives under ASC 842 and IFRS 16, the new lease standards, requires a methodical strategy by finance…
The New Lease Accounting Changes – ASC 842 The Financial Accounting Standards Board’s (FASB) ASC 842 accounting standards represent a…
We are officially two years into the pandemic. So, now is as good a time as ever to review lease…
It is estimated that $1 to $3 Trillion in lease liabilities are hitting the balance books with the transition to…
What is the Present Value of Lease Payments? Present value (also referred to as PV) of lease payments, is a…
The pandemic has brought about many changes in the office.The realization that people can effectively work remotely has created restructured post-pandemic office…