When To Lease vs. Buy
Deciding whether to lease or buy an item can be a complicated decision. Our Technical Accounting Manager, Amanda Payne, outlines what to consider when faced with the choice whether to lease or buy.
Recent Blogs
Why Lease Accounting in Excel Will Set You Up for Non-Compliance
Excel is an accountant’s best friend. The ubiquitous software has been around for roughly 40 years and most of us can’t imagine a world without it. It seems like it can do anything. Unfortunately, to comply with FASB Topic 842, IFRS 16, FRS 102, as well as GASB 87,...
Making the Case for Switching Lease Accounting Software
Switching lease accounting software might seem intimidating, especially when familiarity and cost control are top of mind for most companies. Many companies stick with what they know, but sticking with outdated or inadequate tools can lead to inefficiencies, errors,...
ASC 842: The New Lease Accounting Standards Explained with Examples, Effective Dates, & More
1. What is ASC 842? 2. ASC 842 effective dates 3. What is a lease under ASC 842? ASC 842 lease classifications and subtopics 4. Scope of ASC 842 5. ASC 842 lease accounting for lessees Operating lease accounting under ASC 842 and examples Finance lease accounting...
