ASC 842: Developing Your Practical Expedients and Policies
We understand that identifying your company’s policies can be one of the most challenging aspects of adopting the new lease accounting standards. Follow along during this webinar as we outline the policies you need to consider implementing or adjusting, including discount rates, capitalization thresholds, short term leases, asset class designation, and more. You will also learn what to be aware of when considering which practical expedients to adopt.
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1. Understanding commercial lease agreements Commercial leases of equipment 2. Commercial lease management Lease management software 3. Commercial lease types Gross lease / full-service lease Net lease Absolute net lease or "absolute NNN lease" Modified gross lease...
Materiality, Immateriality, and Material Misstatements in Accounting Explained
What is materiality in accounting? Materiality is the accounting concept that the more significant missing or incorrect information is to an entity, the larger impact the error or omission may have on the decision-making of users of the affected financial statements....
How to Replace Your Lease Accounting Solution
During many organizations’ initial implementation of the lease accounting standards, a software was selected to assist in crossing the finish line to compliance. If the selection of lease accounting software was frantic or last minute, you may not have had the...
