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
Discount Rates for FRS 102 Explained
Lease accounting has undergone significant changes with the amendments to FRS 102, the financial reporting standard applicable for organisations in Ireland and the UK. Specifically, Section 20, Leases, introduces a single on-balance sheet model for lessees, requiring...
GASB 87 vs ASC 842 Explained: Five Differences from a Lessee’s Perspective
There has been a lot of material in the marketplace about lease standards and the differences across industries and jurisdictions. Up until this point, the majority of this has been individually focused on ASC 842 for FASB compliance and GASB 87 for those reporting...
Discount Rate Implicit in the Lease under ASC 842
1. What is the implicit rate under ASC 842? Download our present value calculator to follow along How to calculate the rate implicit in a lease under ASC 842 If you are unable to calculate the implicit rate 2. Summary Download our free lease vs. buy tool for...
