We’ve all heard the way that organizations buy and use software is changing. The rise of Software as a Service (SaaS) has empowered many business users to find, choose, and implement software without IT’s involvement. Beyond implementation, the IT and operations teams...
Lease abandonment from the lessee’s perspective means precisely that the lessee is still paying for an asset they are no longer using. While the asset has in fact been abandoned by its initial renter, the landlord is still receiving payment for the property....
What is lease liability? How to create the lease amortization schedule and calculate your lease liability Previously, we covered how to calculate the present value of lease payments using Excel spreadsheets. In this article, we will demonstrate how to calculate the...
What do the new standards require? Lease accounting calculations Lease liability amortization schedule Right of use asset Straight line rent expense Discount rate Decisions you need to make Don’t miss the opportunity the new standards provide Lease accounting is...
What is an operating lease? Changes to operating leases Identifying an operating lease Is lease capitalization required for all? Operating lease accounting example under ASC 842 Lease agreement details Determine the lease term under ASC 840 Determine the total lease...
Transitioning to ASC 842, IFRS 16, or GASB 87 is a monumental undertaking. No matter which standard you’re transitioning to, you’re probably already having nightmares about numbers and spreadsheets. We know it can be scary but it’s important not to let those lease...
