Lease Liabilities: A Balance Sheet Disruption You Can’t Ignore
In an analysis of more than 400 balance sheets pre- and post-transition to the new lease accounting standards, our Lease Liabilities Index report highlights the significant impact on the balance sheets. During this webinar, our Technical Accountants will dive into the report findings and explain why companies that have not yet transitioned to the new standards need to prepare for an overhaul of their financial snapshot.
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...
