by George Azih | Jan 29, 2019 | Blog, Excel, FASB ASC 842, Featured, IFRS 16, Lease Accounting Standards
Implementing FASB ASC 842 and IFRS 16, the new lease accounting standards, may seem like a burden right now, but there are some benefits beyond compliance that may surprise you. The processes and tools you use to transition will enable you to work more efficiently,...
by George Azih | Jun 29, 2018 | Blog, Compliance, Excel, FASB ASC 842, Featured, IFRS 16
Excel is an accountant’s best friend. The ubiquitous software has been around for over 30 years and most of us can’t imagine a world without it. It seems like it can do anything. Unfortunately, to comply with FASB Topic 842 and IFRS 16, Excel simply won’t cut it. What...
by George Azih | Dec 6, 2016 | Blog, Excel, FASB ASC 840
This is the one thing you must be able to do under the new lease accounting rules: The new lease accounting rules require the vast majority of leases to be capitalized. The capitalized amount is calculated as the present value of the lease payments. Therefore, it goes...
