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…
A: An asset is identified in a contract either: Explicitly by serial number, VIN, GPS coordinates, etc or Implicitly based on whether a particular asset…
Accounting for leases under ASC 842, the new standard as laid out by the Financial Accounting Standards Board (FASB), has…
You have the right space, but do you have the right lease? The standard commercial lease terms aren’t always as standard…
Commercial real estate will be an important subject in the coming months and years. Here’s everything you need to know.
The pros and cons of outsourcing deserve careful consideration at any company. Either way, you’ll need lease accounting software at your disposal.
The truth is that most businesses fail when selecting lease accounting software. Often, this is because they’re not considering the “big picture.”