Do you report under GAAP or IFRS? If so, it’s likely that your organization is large enough to include both equipment and real estate leases in its lease portfolio. After speaking with hundreds of companies, LeaseQuery discovered that these have historically...
What is a capital lease? Capital lease criteria: how classification has changed What to watch out for Capital lease accounting example for a lessee Determining capital lease vs. operating lease How to record a capital lease What is a capital lease? A capital lease,...
In May 2013, the FASB and IASB released an Exposure Draft proposing a new approach to lease accounting. The proposed accounting rules will require recognition of all leased assets as “Right of Use” assets (ROU assets), and recognition of a lease liability (an...
