by LeaseQuery | Oct 1, 2021 | Articles, ASC 842, Lease Accounting
Summary provided by MaterialAccounting.com: This article explains the interest rate options available to you under ASC 842. Interest rates under ASC 842 The Financial Accounting Standards Board (FASB) issued ASC 842, Leases, in order to standardize financial...
by LeaseQuery | Sep 10, 2021 | Articles, GASB 51, GASB 96, Intangible Assets
Summary provided by MaterialAccounting.com: In this article, the author describes the differences between GASB 51 and GASB 96. It also clarifies the accounting treatment of SBITA arrangements. What is GASB 51? GASB Statement No. 51 Accounting and Financial...
by LeaseQuery | Aug 27, 2021 | Articles, IFRS 16, Lease Accounting
Summary provided by MaterialAccounting.com: This article contains the disclosure requirements for lessees under IFRS 16. Examples are provided. IFRS 16 Leases is a change from previous guidance due to its single-model approach for lessees whereby all lessee leases...
by LeaseQuery | Aug 20, 2021 | Articles, ASC 842, GASB 87, Lease Accounting
Summary provided by MaterialAccounting.com: This article describes the benefits of starting the adoption process for the new standards early. The new lease accounting standards are coming whether you’re ready for them or not. Preparing to adopt GASB 87 and ASC 842 is...
by LeaseQuery | Aug 16, 2021 | Articles, ASC 842, GASB 87, IFRS 16, Lease Accounting
Summary provided by MaterialAccounting.com: This article explains how to calculate the lease liability and right-of-use asset under ASC 842 and IFRS 16. A right-of-use asset, or ROU asset, represents a lessee’s authority to utilize a leased item, typically property or...
