What is a capital lease versus an operating lease?
An operating lease is what’s traditionally considered a “rental;” the asset stays off the balance sheet and payments are considered…
What are lease accounting restatements?
The new ASC 842 and IFRS 16 lease accounting standards are one of the biggest changes in regulation in more…
What are the material effects of new lease rules?
The jury’s still out on the material effects of the new lease accounting rule, as the full potential impact is…
The Upside: Leasing and financing equipment and the impact of the new ASC 842 standards
For long-standing reasons, the majority of U.S. businesses finance their equipment acquisitions, and the reasons why they do remains intact…
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…
Lease accounting for early occupancy
Early occupancy of is one of the nuances of the commercial real estate negotiations that also impacts the accounting department.…
What are the business risks associated with lease accounting?
The new lease accounting standards offer ample opportunity to improve business operations, increase efficiencies and leverage negotiating power with vendors. …
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…