Embedded Leases Under GASB 87
Whether you’ve already transitioned or are still in the weeds, understanding embedded leases under the new lease accounting standards can be challenging. Our Technical Accounting Manager, Abdi Ali, breaks down embedded leases under GASB 87.
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Lease Accounting Explained: New Standards, Lessee vs. Lessor, Changes, Calculations, & More
1. What is lease accounting? 2. Understanding lessee vs. lessor Lessee definition Lessor definition 3. Lease accounting under the old standards 4. Lease accounting standards: changes and full examples ASC 842 IFRS 16 GASB 87 SFFAS 54 FRS 102 5. Why were new standards...
Lease Data for Accounting: How and What to Collect
Accurate and complete lease data is essential for several reasons. Firstly, it ensures compliance with lease accounting standards such as ASC 842, IFRS 16, and GASB 87. Secondly, lease data significantly impacts financial statements and key metrics, influencing a...
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...
