While their accounting may seem straightforward, fully prepaid leases pose unique operational considerations due to factors such as extension options and the absence of purchase or termination rights. This blog delves into the key aspects of these leases.
This blog examines how Nakisa’s lease accounting solution enables global organizations to efficiently manage leased-out assets, automate calculations, centralize documentation, and ensure compliance with evolving lessor accounting standards like ASC 842 and IFRS 16.
This blog explores the critical lease accounting challenges companies face during turbulent periods and how a robust lease accounting software solution can help address them.
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.
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.
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.
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
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.
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.
