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Lease Purchase Options and More Intersections of Fixed Assets and Lease Accounting Explained with a Full Example

Lease Purchase Options and More Intersections of Fixed Assets and Lease Accounting Explained with a Full Example

by LeaseQuery | Jan 17, 2023 | Articles, ASC 842, Fixed Asset Accounting, Lease Accounting

Summary provided by MaterialAccounting.com: This article provides an overview of fixed asset accounting and accounting for leases under the new FASB standard, with examples.    This article will explore the intersection of fixed asset accounting and accounting...
ASC 842: The New Lease Accounting Standards Explained with Examples, Effective Dates, & More

ASC 842: The New Lease Accounting Standards Explained with Examples, Effective Dates, & More

by LeaseQuery | Dec 13, 2022 | Articles, ASC 842, Featured, Lease Accounting

Summary provided by MaterialAccounting.com: This article provides everything you need to know about the new lease accounting standard, ASC 842. What is ASC 842? ASC 842, or Topic 842, is the new lease accounting standard issued by the FASB and governs how entities...
Why Fixed Asset Software Isn’t Suitable for the New Lease Accounting Standards

Why Fixed Asset Software Isn’t Suitable for the New Lease Accounting Standards

by LeaseQuery | Nov 8, 2022 | Articles, ASC 842, Fixed Asset Accounting, Lease Accounting

Summary provided by MaterialAccounting: This article discusses the reasons why fixed asset software won’t work for the transition to the new standard, ASC 842.  Prior to the introduction of the new lease accounting standard, ASC 842, many organizations grouped...
Qualitative Disclosures for the New Lease Accounting Standards: What You Need to Know

Qualitative Disclosures for the New Lease Accounting Standards: What You Need to Know

by LeaseQuery | Sep 1, 2022 | Articles, ASC 842, GASB 87, IFRS 16, Lease Accounting

Summary provided by MaterialAccounting.com: The new lease accounting standards require both quantitative and qualitative disclosures. This article explains everything you need to know about the necessary qualitative disclosures under the updated rules.  —...

SFFAS 54: FASAB Lease Accounting Explained with a Full Example

by LeaseQuery | Jul 25, 2022 | Articles, FASAB, Government Accounting

Summary provided by MaterialAccounting.com: This article discusses changes under the new FASAB standard, SFFAS 54.  What is SFFAS 54? SFFAS 54 is the new lease accounting standard issued by the Federal Accounting Standards Advisory Board (FASAB or “the Board”) which...
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