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Defining Lease Accounting: It’s More than Net Present Value
What is lease accounting? Lease accounting is the method by which organizations account for their leasing contracts – whether lessors or lessees – on their balance sheets. The reporting standards for lease accounting are maintained by the Financial Accounting...
4 Takeaways on ASC 842 and IFRS 16 from the 17th Annual Financial Reporting Conference
4 Takeaways on ASC 842 and IFRS 16 from the 17th Annual Financial Reporting Conference Earlier this year, we had the opportunity to attend the 17th Annual Financial Reporting Conference at Baruch College featuring panelists from FASB, KPMG, Google, Moody’s, and...
In Plain English: ASC 842 and IFRS 16 Practical Expedients
As with any major new regulatory update, the boards published practical expedients after the initial release of the new lease accounting standards. Electing these expedients will save you time, but if you don’t interpret them properly, you’ll end up with errors in...
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Defining Lease Accounting: It’s More than Net Present Value
What is lease accounting? Lease accounting is the method by which organizations account for their leasing contracts – whether lessors or lessees – on their balance sheets. The reporting standards for lease accounting are maintained by the Financial Accounting...
read more
4 Takeaways on ASC 842 and IFRS 16 from the 17th Annual Financial Reporting Conference
4 Takeaways on ASC 842 and IFRS 16 from the 17th Annual Financial Reporting Conference Earlier this year, we had the opportunity to attend the 17th Annual Financial Reporting Conference at Baruch College featuring panelists from FASB, KPMG, Google, Moody’s, and...
read more
In Plain English: ASC 842 and IFRS 16 Practical Expedients
As with any major new regulatory update, the boards published practical expedients after the initial release of the new lease accounting standards. Electing these expedients will save you time, but if you don’t interpret them properly, you’ll end up with errors in...
read more
LeaseQuery Named as One of Atlanta’s Best Places to Work
LeaseQuery, the fastest growing technology company in Atlanta and leading provider of comprehensive lease accounting software, has been named one of Atlanta’s Best Places to Work by the Atlanta Business Chronicle. LeaseQuery ranked 12th in the medium-sized business...
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How to Beat the End-of-Year Crunch in Accounting
How to Beat the End-of-Year Crunch We think of the beginning of the year as the busy season. But let’s face the truth: the busy season never really seems to end (get some tips on how to cope with that here). At the end of this year, you’ve got to get ready for the...
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Lease Accounting: What Are the New Challenges?
Why the New Lease Accounting Standards Pose Major Challenges Until recently, most companies didn’t have to pay much attention to leases when issuing financial statements. With the new lease accounting standards, that’s set to change – drastically. Companies will be...
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6 Lease Accounting Nightmares and How to Avoid Them
Transitioning to ASC 842 and IFRS 16 is a monumental undertaking with plenty of pitfalls along the way. All of the following nightmare scenarios have happened in real life. Learn from your fellow accountants and don’t let them happen to you. #1: Misinterpreting the...
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Lease Accounting Software Comparison: What You Need to Know
Comparing and selecting the best lease accounting software for your organization is not a simple process. You’ve got to juggle your budget and stakeholders from other departments (who may not understand your needs). And those are just your internal obstacles. You also...
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