Applying the New Lease Guidance for Restaurants and Retail
Recent Blogs
One Year as FinQuery: Reflecting on Our Journey and Looking Ahead
It's hard to believe it's been more than a year since we embarked on this exciting new chapter as FinQuery. I remember the energy in the room when we first unveiled the new brand – it was a tangible reflection of our evolution and our commitment to pushing the...
Simplifying Your Switch: LeaseQuery’s Existing Balance Migration Solution
It's been more than six years since the first implementation deadline of the “new” lease accounting standards. Although the standard has become business as usual, some companies may be finding their current lease accounting solution is not as efficient as they...
FRS 102 Leases Explained: Summary, Examples, Journal Entries, and Disclosures
1. FRS 102 summary FRS 102 lessee lease classification What is considered a lease under FRS 102? FRS 102 lessor accounting How to calculate the liability and ROU asset under FRS 102 2. FRS 102 finance lease example (lessee) Amortization schedule Journal entries 3. FRS...
