What are the differences between real estate and equipment leases?
There are similarities and differences between real estate and equipment leases. While this post will delve into the details, it…
Common data collection challenges faced with lease accounting compliance
ASC 842 defines a lease as a contract – or part of a contract – that conveys the right to…
What is asset-level accounting detail?
Asset-level lease accounting is a requirement under the new ASC 842 and IFRS lease accounting standards which requires the recording…
What is automatic disclosure reporting for ASC 842?
Previous to the new ASC 842 standard, a large portion of leases were relegated to the income statement and may…
ERP integrations for Lease Accounting Software
Shopping for lease accounting software solution is a complex purchasing decision, but the ease of integration with existing systems should…
What are the benefits of automated workflow for lease accounting?
Strong, battle-tested processes are crucial for accurate, successful day-to-day lease accounting, as well as lease accounting compliance with new standards.…
Effective lease accounting data population with an ETL tool
Investment in a new software system provides long-term benefits, generating significant efficiencies and cost savings over time. However, data transfer…
Questions answered about fair market value leases
As ASC 842 compliance became effective for public companies, and private companies are now implementing compliance solutions in anticipation of…
What are lease accounting APY and daily rate calculations
Among the many data points for lease accounting compliance and ongoing lease management are the annual percentage yield (APY) and…
What are the fiscal calendars for lease accounting?
Fiscal calendars are an important element of lease accounting compliance, as the Finance Accounting Standards Board determined the effective dates…