1. Qualitative disclosures Requirements 2. Quantitative disclosures Subscription asset disclosure Outflow of resources Subscription liability disclosure and maturity analysis Future SBITA commitments Impairment loss Exemptions 3. Presentation on financial statements...
CONTENT BY
Ben Belk, Lease Accounting Consultant
Asset Capitalization Explained with a Lease Example
1. What is capitalization in accounting? How assets are capitalized 2. Capitalized right-of-use asset example 1: Capital/Finance lease Classification test 3. Capitalized right-of-use asset example 2: Operating lease 4. SummaryTo understand capitalization, start with...
Government Fund Accounting: GASB 87 Leases Within GASB 34 Consolidation to ACFR
1. Fund accounting in brief 2. GASB 87 lease accounting during the year Governmental fund and modified accrual leases Proprietary fund and full accrual leases 3. GASB 87 lease accounting at year-end and GASB 34 consolidation Governmental fund and modified accrual...
Lease Commencement Date and Start Date for US GAAP Accounting Explained
1. Determining the lease start date and lease term under ASC 840 2. Determining the lease start date and lease term under ASC 842 3. Examples of finding a lease start date 4. Complications and subjectivity under ASC 842 Renewal options Termination options Short-term...
Accretion Expense Accounting Explained with Full Example and Journal Entries
What is accretion in accounting? Accretion is the periodic recognition of an expense associated with an increase in the present value of a liability over time. This expense is recognized as an operating expense in the statement of income. In practice, accretion...
Interest Expense Calculation Explained with a Finance Lease Example and Journal Entries
1. What is interest? 2. What is accrued interest? 3. Interest expense calculation & journal entries 4. Interest expense for a finance lease Which reporting frameworks does this apply to? How is finance lease interest expense calculated? Interest expense formula How is...