Oil & Gas: Impairment of Leased Asset Considerations Under US GAAP
Learn more about the implications of ASC 842 lease accounting rules on impairment testing for oil and gas companies across upstream, midstream, and downstream operations.
Lease Accounting
Explore latest insights, tips, and trends on lease accounting from Nakisa
GASB 87 Calculation and Accounting Example – Part 2
This post covers calculating the depreciation expense and lease liability amortization schedule under GASB 87 lease accounting. It also discusses how lease modifications require remeasuring lease liabilities, payments, and assets—a process that specialized lease accounting software can automate.
GASB 87 Calculation and Accounting – Part 1
The post walks through an example scenario to illustrate the first three steps for GASB 87 lease accounting calculations: the initial lease liability, the right-of-use asset value, and the interest expense for each period under the new lease accounting rules for government entities.
Identifying lease payments in IFRS 16 and ASC 842 lease accounting standards
This blog covers the complexities involved in properly identifying and calculating the different types of lease payments included in the lease liability under the IFRS 16 and ASC 842. It discusses how a specialized lease accounting solution can streamline these calculations and modifications while maintaining
Everything you need to know about ITGC
This blog covers the three main areas ITGC focuses on and explores how software like Nakisa can support ITGC implementation through features such as user roles, audit trails, and automated processes.
4 Reasons Why Excel Isn’t a Long-Term Lease Accounting Solution
The post outlines 4 key reasons why using Microsoft Excel is not a viable long-term solution for lease accounting and compliance with IFRS 16/ASC 842 and recommends using specialized lease accounting software instead of Excel spreadsheets.
Nakisa Lease Administration: What’s New in 5.1
Looking back over the years, we’ve made many improvements to Nakisa Lease Administration. With our previous versions our primary goal was to meet IFRS 16 and ASC 842 compliance requirements, and help organizations including the Fortune 1000 level streamline their lease accounting processes and meet
GASB 87 Lease Accounting Standard: What Is New, What Are Exceptions, How Software Can Help
This blog explores the challenges government entities face in achieving GASB 87 compliance and highlights how specialized lease accounting software can streamline the process through automated calculations, centralized data management, robust reporting, and seamless integration capabilities.
Nakisa Lease Administration – The missing link in lease accounting software
Explore how Nakisa Lease Administration software addresses the gaps identified in a PwC study concerning missing functionalities in many lease accounting solutions. These include robust auditing, reporting, workflow management, ERP integration capabilities, and support for multiple accounting standards.
