Excel is not the solution for lease accounting compliance with ASC 842 and IRFS 16
Excel has been the program of choice for many accountants, as the versatile spreadsheets are readily available and relatively easy…
What are sublease payments, and how can lease accounting software help?
Subleasing space is a common practice when time remains on a long lease term, yet the lessee does not need…
Subledger Accounting for ASC 842 and IFRS 16 compliance
A subledger is a record containing all of the details of a transaction, and rolls up to the general ledger…
What are the hidden benefits of the new lease accounting standards?
Lease accounting standards are changing to ensure business practices and reporting maintain an appropriate level of transparency and trust. Before…
What is ASC 842 Effective Date?
ASC 842 replaced ASC 840 after December 15, 2018 for fiscal years and interim periods within those fiscal years for…
What is ASC 842?
With the financial crisis of the early 2000s, the U.S. Securities and Exchange Commission (SEC) wanted to increase the transparency…
Will new accounting standards change real estate strategies?
An unexpected encounter for corporate real estate professionals may be the new FASB lease accounting standards. While corporate accounting departments…
How new lease accounting standards may affect lease versus buy decisions and other strategies
A company’s need for corporate real estate is driven in large part by both its current and planned physical requirements.…
Where to find your lease agreements
The new ASC 842 and IFRS 16 lease accounting standards are inspiring organizations across the country to ask this compelling…
What is GAAP lease accounting?
The Financial Accounting Standards Board (FASB) is responsible for a large portion of the Generally Accepted Accounting Principles (GAAP) in…