by George Azih | Jun 29, 2018 | Blog, Compliance, Excel, FASB ASC 842, 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...
