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…
Within the lease accounting world, there are several terms that often get confused. Two such terms are depreciation and amortization….
Lease accounting is a complex process that requires careful consideration of various financial elements. One crucial aspect of lease accounting…
The new lease accounting standards under ASC 842 significantly impact financial reporting for many organizations. Companies must craft transparent and…
Roll forward reporting outlines lease financial increases or decreases on the balance sheet between reporting periods detailing changes to the…
The new lease accounting standards (ASC 842) have changed the game when it comes to lease vs buy decisions. With…
In the realm of financial reporting, change is the constant that keeps organizations agile and transparent. One such transformative change…