LeaseQuery for NetSuite
Recent Blogs
Materiality, Material Misstatements, and Deficiencies in Accounting Explained
1. What is materiality in accounting? 2. What does “immaterial” mean in accounting? 3. What is a material misstatement? 4. Types of deficiencies Control deficiencies Significant deficiencies Material weaknesses 5. Materiality in practice: Applying capitalization...
FRS 102 Transition: VAT and Inflation Indices for Leases Explained
Transitioning to FRS 102 is a transformational experience for any business. Most organisations already understand the initial goal, evaluating the lease portfolio, and determining the project scope. However, two critical areas often require deeper exploration: Value...
Interest Expense Calculation Explained with Examples and Journal Entries
1. What is interest? 2. What is accrued interest? 3. Example of interest expense for a loan Interest expense calculation with journal entries 4. Interest expense on finance leases Which reporting frameworks does this apply to? How is finance lease interest expense...
