Time – no matter what you do, it seems like there’s never enough of it. Fortunately, there are small things that you can do to make the most of your time. Here are some of our best pointers to help you be more efficient and productive. Set agendas for meetings and...
To say that financial reporting regulations have changed in the past 20 years would be an understatement. We’ve seen significant recommendations made by The Securities and Exchange Commission (SEC), the introduction of The International Financial Reporting Standard...
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,...
Using Excel for Lease Accounting: What to Watch Out for A whiteboard discussion with LeaseQuery CEO George Azih Are you thinking of using Microsoft Excel spreadsheets to perform the work necessary for compliance with the new lease accounting standards? If your...
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, as well as GASB 87, Excel simply...
In a previous blog, we covered how to calculate the present value of lease payments using Excel spreadsheets. In this article, we will demonstrate how to calculate the present value of minimum lease payments as well as prepare the liability amortization schedule for...
