by LeaseQuery | Nov 19, 2023 | Articles, Lease Accounting
Summary provided by MaterialAccounting.com: This article discusses how to reassess current lease accounting policies as audit season approaches. For many organizations, audit season is approaching. This means this is a great time to reassess your current...
by LeaseQuery | Aug 9, 2023 | Articles, Expense Accounting
Summary provided by MaterialAccounting.com: This blog discusses the definition of prepaid expenses, how to account for them, and provides examples. — Accounting for prepaid expenditures and ensuring they are properly recognized on your financial statements is a...
by LeaseQuery | Jul 20, 2023 | Articles, ASC 360, Fixed Asset Accounting, PP&E (Property, Plant, & Equipment)
Summary provided by MaterialAccounting.com: This article breaks down fixed asset accounting and the asset turnover ratio in an easy-to-understand format with examples. — Fixed assets are one of the main pillars of business. Many organizations would not exist or...
by LeaseQuery | Jun 29, 2023 | Articles, ASC 840, ASC 842, Lease Accounting
Summary provided by MaterialAccounting.com: This article compares and contrasts the new and old FASB lease accounting standards, ASC 842 and ASC 840. ASC 840 summary ASC 840, Leases, is the former lease accounting standard for public and private companies following...
by LeaseQuery | Jun 5, 2023 | Articles, ASC 842, Lease Accounting
Summary provided by MaterialAccounting: Nonprofits transitioning to ASC 842 can read this article from LeaseQuery to get the tricks and tips they need for implementation. ASC 842 at a glance ASC 842 is the new FASB lease accounting standard. It governs how entities...
