- Leases - kpmg. com
Lease classification criteria affect how lessees measure and present lease expense and cash flows – not whether the lease is on- or off-balance sheet as they did under legacy US GAAP (Topic 840)
- PwC Leases guide - Viewpoint
The FASB’s new standard on leases, ASC 842, is already effective for public companies and is replacing today’s leases guidance for other companies in 2021 This guide discusses lessee and lessor accounting under ASC 842
- What to do with CAM, Taxes and Insurance for New Lease Accounting . . .
For CAM, taxes, and insurance, there are usually 3 common arrangements regarding how it is arranged in a lease contract: The CAM, taxes, and insurance are paid based on a variable rate depending on what the market price would be
- Financial Reporting Developments: Lease accounting - EY
Appendix D of this publication summarizes differences between US GAAP and IFRS Under ASC 842, leases are accounted for based on what the FASB refers to as a “right-of-use model ” The model reflects that, at the commencement date, a lessee has
- A guide to lease accounting - rsmus. com
On its effective date, ASC 842 replaces the legacy U S GAAP for leases in ASC 840 For ease of use, definitions for acronyms and titles for ASUs, ASC topics and subtopics and other guidance referred to in this guide are included in Appendix A
- Accounting for Insurance Companies under ASC 944 - GAAP Dynamics
From underwriting to claims, this online course walks you through the primary accounting and reporting concerns, providing you with a fundamental understanding of the accounting for short-duration insurance contracts under ASC 944
- Tax and financial accounting for leases differ after ASC 842: PwC
Companies transitioning to the new leasing standard ASC 842 for financial reporting may change lease accounting policies, lease terms and conditions, or processes and systems used to track and account for leases However, ASC 842 does not impact how leases are treated for federal income tax purposes
- A complete guide to lease accounting - VisualLease
Under the requirements of the latest lease accounting standards — ASC 842, IFRS 16, GASB 87, as well as local versions of each — all leases and similar contracts (not just capital leases) must now be accounted for as assets and liabilities on the balance sheet
|