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 any given lease portfolio, numerous contractual changes may occur depending on if your business is growing, downsizing or restrategizing…
What is an Initial Lease Measurement? An initial lease measurement (or reassessment) is required at the lease commencement date if…
Navigating the lease accounting lifecycle is a complex and ever-evolving process. Once an entity has determined a contract is or…
Implementing the new standard is complex and takes time. Under ASC 842, operating leases are now on the balance sheet,…
Leases are contracts that convey rights and obligations to use an identified asset for a period of time in exchange…
An estimated $3 Trillion dollars in lease liabilities is going onto the balance sheet with the ASC 842 standards. The…