by Rachel Reed | Aug 27, 2020
1. What is the implicit interest rate under IFRS 16? Implicit rate: ASC 842 vs. IFRS 16 2. Example: Calculate the interest rate implicit in a lease under IFRS 16 3. Accounting for COVID-19 lease concessions example 4. Summary 5. Related articles What is the implicit...
by Rachel Reed | Aug 20, 2020
1. Background 2. Changes to lease payments under COVID-19 3. IASB response 4. Accounting for COVID-19 lease concessions example 5. Accounting for lease concessions within the modification framework 6. Summary 7. Related articles Background The coronavirus pandemic...
by Jason Parker | Jul 16, 2020
1. Why the new standards pose major challenges 2. The impact of failing to comply 3. Why the boards updated the standards How ASC 842 and IFRS 16 will improve financial reporting: 4. Regulation timeline 5. Lessee accounting: What has changed? Lease accounting under...
by Justin Shemaria | Jun 5, 2020
1. Present value of lease payments explained PV (Present Value) vs. NPV (Net Present Value) Minimum lease payments and future lease payments 2. How to calculate lease payments using Excel in 5 steps 3. Present value calculator 4. Summary 5. Related articles Present...
by Justin Shemaria | Apr 2, 2020
1. Lessor vs. lessee Lessor definition Lessee definition Lessee vs. lessor accounting 2. Lessor accounting: Full example of a finance lease under GASB 87 Lessor vs. lessee In accounting, the terms “lessor” and “lessee” are used to identify the different parties...
