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Read about ASC 842 & other lease accounting topics
What is Capital Lease Accounting?
Quite a while ago, the term ‘capital leases’ was dropped by FASB.
Featured Blogs
A Complete Guide to ASC 842 Journal Entries: ASC 842 with Examples
In this blog, we took the concepts about which we get the most questions and provided examples and thorough walkthroughs of how to deal with them correctly and easily.
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Finance vs Operating Leases: What’s the Difference?
Let’s start with some basic definitions and then jump into the nitty gritty, answering questions..
Accounting for GASB 87 and GASB 96
GASB 87 and GASB 96 are similar, yet very different. Both share the characteristic of further..