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…
Lease accounting has undergone significant changes over the years, with the Financial Accounting Standards Board (FASB) issuing a new set…
Leasehold improvements can play a vital role in making a leased space functional and inviting for a tenant’s operations. Without…
Introduction As a lessee, it’s important to understand how to properly account for partial lease terminations to ensure accurate financial…
Lease accounting has undergone significant changes with the implementation of ASC 842, and it’s crucial for non-profit organizations to understand…
Among the many changes introduced with ASC 842 and IFRS 16, the new lease accounting standards, is the lease accounting…
Equipment lease accounting is an important aspect of accounting that involves recording and reporting leased assets in the financial statements….