1. The foundation: Accrual accounting and the matching principle 2. Understanding the full scope of accrued payroll 3. Examples: Bi-weekly pay and month-end accruals Example 1: Understanding accrual journal entry Example 2: Visualizing the accrual schedule 4. Beyond...
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Jonathan Grimes, a Support Department Manager at FinQuery, holds both a Bachelor of Science degree from LaGrange College as well as a Master's degree in Professional Accountancy from Georgia State University. As the leader of a team of reporting specialists, he possesses extensive experience in delivering accurate financial reports and journal entries. Jonathan's specialization in lease accounting guidance across FASB, IFRS, and GASB standards has enabled him to successfully resolve complex accounting challenges and provide expert support to clients, having guided dozens of accounting teams through complex lease accounting transitions. He is known for his patient and thorough approach to client support, ensuring that even the most complex accounting questions are answered clearly and effectively. His commitment to client success is further exemplified by his dedication to developing and delivering comprehensive training programs for accountants.
FRS 102 Embedded Leases: Your Preparedness Guide
The updates to Financial Reporting Standard 102 (FRS 102), set to take effect for accounting periods beginning on or after 1 January 2026, have many companies finding themselves in a state of financial transformation. The adjustments are meant to hold companies...
ASC 830 Explained: Your Guide to Foreign Currency Conversion in Lease Accounting
In today's interconnected world, almost every organization eventually bumps into foreign currency (FX) conversion. If your company operates even a single lemonade stand outside its home country, you're in the FX game! Whether you're a budding accountant or a seasoned...
Why Integration is Key: Connecting Your Accounting Solutions with Your ERP System
Without a direct connection between your lease accounting software and your ERP system, data must be manually transferred between the two systems, increasing the risk of errors, inconsistencies, and delays. This can significantly impact the accuracy and reliability of...
GASB 96 Explained: Accounting for Subscription-Based IT Arrangements with Calculations and a Full Example
1. Scope SBITA defined Exemptions 2. Recognition and measurement of a SBITA Subscription liability Subscription asset Outlays other than subscription payments Disclosure requirements 3. SBITA accounting example Terms Additional costs evaluation Calculation of...