Not One and Done: Lease Accounting After Transition
Recent Blogs
How to Account for Leases under IFRS 16 for Small Businesses
Under IFRS 16 Leases, companies are required to report all leases with terms longer than 12 months on their balance sheets, with some exceptions, and disclose more details about their lease obligations. Even for small businesses with a limited lease portfolio,...
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...
