Lease Accounting Insights

This article covers the new lease accounting requirements under FRS 102. It details when companies must transition, outlines the requirements of FRS 102, and provides practical examples of how leases should now be recognized on a company’s balance sheet.

A detailed guide of how to transition from ASC 840 to ASC 842 with detailed examples.

This article highlights the accounting differences between a operating and finance lease.

A detailed calculation example of how to calculate a lease liability and right of use asset for a finance lease in compliance with ASC 842.

An in-depth guide to help select the most appropriate lease accounting software for your business.

A demo of Cradle's lease accounting software's features and functionality.

The date of mandatory adoption for ASC 842 is now is now for fiscal years beginning after Dec. 15, 2021.

The lease concessions available under ASC 842.

Lease Concessions offered as a result of COVID-19.

A clear guide on how our numbers agree with the official IFRS illustrative examples.

No time for our in depth guide? Read this.

How to Calculate the Lease Liability and Right-of-Use Asset for an Operating Lease under ASC 842.

How to Account for Leasehold and Tenant Improvements under ASC 842 and IFRS 16.

Why ASC 842 and IFRS 16 superseded ASC 840 and IAS 17.

Most frequently asked questions pertaining to IFRS 16.

A deep dive on the different present value calculation methods.

Download our Lease Liability Calculator to determine the present value of your lease liability.

A detailed example of the journal entries for a operating lease under ASC 842.

A detailed explanation of how to calculate the implicit rate in the lease.

A step-by-step how-to guide for calculating a monthly lease amortization schedule in Excel.

A step-by-step how-to guide for calculating a daily lease amortization schedule in Excel. The most accurate lease amortization schedule.

A guide on how to determine the incremental borrowing rate for a lease under ASC 842.

This post details the inputs that need to be considered to calculate the discount rate in compliance with ASC 842.

Article detailing the changes to lease accounting from ASC 840 to ASC 842.

This article details if lease accounting is applicable to a software arrangement. It also details how to account for a cloud-based software arrangement.

This article details the positives and negatives of complying with the new lease accounting standards manually or with software.

The post details the necessary inputs required to determine the commencement date of a lease.

A step-by-step guide of calculating a lease liability and right of use asset in compliance with IFRS 16.

Lease terminations are one of the most complex areas under the lease accounting standard ASC 842. Refer to this guide on how to account for these lease scenarios.

A detailed guide on how to account for a sublease. Sublease accounting is no easy task as you can assume both roles in the lease accounting standard, a lessee and an intermediate lessor.

An in-depth guide about the considerations to be made when transitioning an operating lease from ASC 840 to ASC 842, including examples.

This post covers the who, what, where and when regarding FASB's ASC 842.

This articles shows in 7 steps how to calculate a lease liability. This can be used for either ASC 842 or IFRS 16.

A summary of IFRS 16 / AASB 16 and how it impacts a company.

A detail explanation of how to calculate the right of use asset balance to zero depending on the lease classification.

If you're a finance team that has been too busy to implement ASC 842 from the company's transition date, this article has been specifically written to get your lease accounting up to date and in compliance with ASC 842.

This article takes you step by step on how to calcualte the Lease Asset and Lease Liability in compliance with GASB 87

This article goes through the easiest way to determine the discount for a lease which is using the risk free rate.

This article documents the required disclosures under IFRS 16 with detailed examples.

This post covers all the required disclosures for ASC 842, this includes both quantitative and qualitative.