Lease Accounting After COVID-19: Navigating the New Normal
LeaseQuery conducted a survey to analyze 400+ accounting and financial executives on the lease impacts from COVID-19. We found cost optimization, flexibility, and liquidity are now the key goals driving companies’ plans to right-size and renegotiate their real estate and leasing footprint in 2021. This on-demand webinar explores the data and details from the recent COVID-19 Lease Impact Report: How Companies are Navigating Lease Accounting’s New Normal.
Recent Blogs
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...
Is Your Lease Accounting Ready for the Next Level? 5 Telltale Signs You’re Outgrowing Your Current Setup
It’s a classic tale in business: what got you here won’t necessarily get you there. This is especially true for lease accounting. The systems and processes that worked perfectly when your lease portfolio was smaller and simpler can start to show cracks as your...
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...
