Equipment Leases: Advantages and Disadvantages
What is an Equipment Lease? It is a contractual agreement where the lessor, the owner of a piece of equipment,…
The Ultimate Guide to Accounting Under the IFRS 16 Standard
IFRS 16 is a new standard for lease accounting issued by the International Financial Reporting Standards (IFRS) foundation along with its International…
Lease Accounting for Foreign Exchange Rates
The foreign exchange rates of a country is one of the most important indicators of a country’s economic performance. It…
ASC 842 Lease Accounting Glossary
Occupier’s ASC 842 glossary is a comprehensive reference to the key concepts and terms related to the new ASC 842…
Subsequent Re-Measurement of Leases Under ASC 842 Guidelines
Within any given lease portfolio, numerous contractual changes may occur depending on if your business is growing, downsizing or restrategizing…
The 5 Steps to Complete an Initial Lease Measurement
What is an Initial Lease Measurement? An initial lease measurement (or reassessment) is required at the lease commencement date if…