Efficient Management of ASC 842 in Perpetuity: Internal Accounting
Recent Blogs
FRS 102 vs. IFRS 16: Key Comparisons between the Lease Accounting Standards
The accounting treatment of leases has undergone significant changes in recent years, driven by a need for greater transparency and a more accurate representation of a company's financial position. Both FRS 102, the local standard used by most UK and Irish entities,...
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...
Stop the Scramble! Why Uploading Your Lease Documents Now Will Save You Time During Your Next Audit
Audits are stressful enough without having to scramble for documents. One way to streamline the process and reduce stress, at least for the lease accounting portion of your audit, is to ensure all your lease information is readily available and organized. That's where...
