ASC 842 for Banks and Financial Institutions
ASC 842 can have major implications on the banking industry. In this webinar exclusively for banks and financial institutions, we cover how ASC 842 will impact your industry and which pitfalls to avoid as you transition.
Recent Blogs
Impairment of Leased Assets and the Right-of-Use Asset under ASC 842 and IFRS 16
1. What is an impairment? Do you have impairment indicators? Is your asset recoverable? How do I calculate impairment? Subsequent accounting Reversal of impairment losses 2. Summary 3. Related articlesWhat is an impairment? In accounting, an impairment loss occurs...
Interest Rates under ASC 842 Explained: Incremental Borrowing, Implicit, and Risk-Free
1. Interest rates under ASC 842 2. Implicit rate Application of the implicit rate 3. Incremental borrowing rate (IBR) Application of the incremental borrowing rate 4. Risk-free rate Expedient option Application of the risk-free-rate Proposed FASB amendment 5. Summary...
Rent Abatement and Rent-Free Period Accounting under ASC 842
1. What is rent abatement? 2. Example: Accounting for rent abatement and rent-free periods under ASC 842 3. Summary 4. Related articlesFor a simple operating lease, calculating the straight-line rent expense involves summing the total cash payments and dividing the...
