"Our auditors can now look at our leases and prepaids all at once. We’re saving time by not having to run reports for them."
Read the Case Study

ASC 842 Simplified with Step-by-Step Examples

The Ultimate Lease Accounting Guide

ASC 842 Updates ASC 842 Updates. Learn the most important changes between ASC 840 and 842. Balance sheets, ROU, and more.
Step-by-Steps Step-by-Steps. Calculate lease liability, determine lease term, account for operating vs finance leases, and much more.
Lease Classification Lease Classification. The 5 criteria for classifying leases. Differences between finance & operating leases.

Download the Guide

Your information will be treated in accordance with our privacy statement.

Take a Look Inside

  • Lease Classifications. 5 tests for classifying leases as finance or operating under ASC 842.
  • Finance Lease Accounting. How to account for a finance lease including a sample amortization schedule and journal entry.
  • Operating Lease Accounting. Account for an operating lease, including 2 must-haves for your lease disclosure.
  • Transition. How to transition under ASC 842 and the 3 practical expedients you need to identify.
  • Lease Changes. The difference between modifications and remeasurements. How to account for a termination.
  • Lessee Classifications. Including step-by-step subleasing and 2 need-to-know methods for sale-leaseback accounting.
Download The Guide
Download The Guide
Empowering Finance and IT Professionals Worldwide
Vertiv
Community Bank
Frontier
Harvest Hosts
Einstein
Lands'end