GASB 87 vs. the current guidance: Key differences Scope of the new GASB lease accounting standard Example: Accounting for a lease under GASB 87 with Excel Calculate the initial lease liability Calculate the initial lease asset value Record the opening journal entry...
Operating leases defined New treatment and changes Identification Is lease capitalization required for all? New example under ASC 842 Lease agreement details Determine the lease term under ASC 840 Determine the total lease payments Prepare the straight line...
Straight-line rent calculations for leases: ASC 842 Straight-line rent calculation example Steps to calculate straight-line expense annual rent escalation Summary Recent articles Straight-line recognition is one of the most commonly used accounting methods whereby the...
What is the implicit interest rate under IFRS 16? Implicit rate: ASC 842 vs. IFRS 16 Example: Calculate the interest rate implicit in a lease under IFRS 16 Accounting for COVID-19 lease concessions Example Summary Recent articles What is the implicit interest rate...
Background Changes to lease payments under COVID-19 IASB response Accounting for COVID-19 lease concessions Example Accounting for lease concessions within the modification framework Summary Recent articles Background The coronavirus pandemic continues to impact...
