Day 2 Lease Accounting: Modifications and Terminations
Recent Blogs
Lease Amendment Accounting Explained: Expansion of Leased Premises
1. Accounting for amendments resulting in additional assets under ASC 842 Example: Accounting for amendments resulting in obtaining additional asset under ASC 842 2. Summary 3. Related articlesThis article will discuss how to account for a lease when the tenant...
Post-Audit Power-Up: Key Takeaways from FinQuery’s Post-Audit Playbook Summit
The audit is a critical milestone, but what happens after the reports are filed can define your team's efficiency and accuracy for the year ahead. At FinQuery, we believe the post-audit phase isn't just about tying up loose ends – it's your prime opportunity for...
FRS 102 Lease Accounting: What the Update Means for Businesses in the UK and Republic of Ireland
In March 2024, the Financial Reporting Council (FRC) published the most significant revision to FRS 102 since its inception. The update, effective for accounting periods beginning on or after January 1, 2026, introduces a single accounting model for lease accounting...
