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…
Leases play a pivotal role in many organizations, providing access to assets ranging from office spaces to manufacturing equipment. With…
Since the implementation of ASC 842 by the Financial Accounting Standards Board, companies are actively looking for lease options with greater…
Lease purchase options, also known as lease-to-own agreements, are a popular method of acquiring fixed assets for businesses. In this…
Accounting standard, ASC 842, has brought significant changes to the way companies account for their leases. One of the areas…
In the world of lease accounting under the new lease accounting standard, ASC 842, differentiating between lease and non-lease components…
If you’re a business owner or financial professional, you may have come across the term “sale leaseback” in accounting. But…