GASB vs FASB: The key differences between new US lease accounting standards
GASB vs FASB: The key differences between new US lease accounting standards
In this article, we look at GASB vs FASB and highlight the major differences between the GASB 87 and ASC 842 lease accounting standards. It is not intended as a comprehensive listing of all contrasting points. It likely came as good news for state and local government accountants that the Governmental Accounting Standards Board (GASB) … Continued
The post GASB vs FASB: The key differences between new US lease accounting standards appeared first on MRI Software.
You can contact us to get more choices
0
You can contact us to get more choices
Related posts
In this article, we look at GASB vs FASB and highlight the major differences between the GASB 87 and ASC 842 lease accounting standards. It is not intended as a comprehensive listing of all contrasting points. It likely came as good news for state and local government accountants that the Governmental Accounting Standards Board (GASB) … Continued
The post GASB vs FASB: The key differences between new US lease accounting standards appeared first on MRI Software.
In this article, we look at GASB vs FASB and highlight the major differences between the GASB 87 and ASC 842 lease accounting standards. It is not intended as a comprehensive listing of all contrasting points. It likely came as good news for state and local government accountants that the Governmental Accounting Standards Board (GASB) … Continued
The post GASB vs FASB: The key differences between new US lease accounting standards appeared first on MRI Software.
If you’re considering a rent-to-own contract, you may wonder what the difference is between a lease option and a lease-purchase agreement. While these terms are sometimes used interchangeably, they’re technically two different types of rent-to-own agreements. In this article, we’re going to explore some key differences between lease option and lease-purchase agreements, how to tell which one is right for you, and some potential benefits and drawbacks of each. Lease Option Agreements With a...
If you’re considering a rent-to-own contract, you may wonder what the difference is between a lease option and a lease-purchase agreement. While these terms are sometimes used interchangeably, they’re technically two different types of rent-to-own agreements. In this article, we’re going to explore some key differences between lease option and lease-purchase agreements, how to tell which one is right for you, and some potential benefits and drawbacks of each. Lease Option Agreements With a...
Takeaways: Private companies and non-profits shouldn’t procrastinate, even with the deadline extension to 2021. Collaboration across reporting lines within an organization can make the transition to compliance with the new lease accounting standards easier. Lease accounting and administration software can support collaboration, updated business processes and operational controls. Corporate occupiers with large portfolios can leverage … Continued
The post New lease accounting standards: Driv...
Takeaways: Private companies and non-profits shouldn’t procrastinate, even with the deadline extension to 2021. Collaboration across reporting lines within an organization can make the transition to compliance with the new lease accounting standards easier. Lease accounting and administration software can support collaboration, updated business processes and operational controls. Corporate occupiers with large portfolios can leverage … Continued
The post New lease accounting standards: Driv...
/* If your table overflows your page's width, this creates a sideways scroller under your table only, as opposed to your whole page. */
.tableContainer{
margin: 0px auto;
padding: 0px;
overflow-x: auto;
}
/* Apply this class to your table's opening tag. No other elements within the table need classes or inline styles. */
.myTable{
max-width: 100%;
margin: 15px auto;
border-collapse: collapse;
border: 1px solid #0087a5;
}
/* This affects all table cells. The...
/* If your table overflows your page's width, this creates a sideways scroller under your table only, as opposed to your whole page. */
.tableContainer{
margin: 0px auto;
padding: 0px;
overflow-x: auto;
}
/* Apply this class to your table's opening tag. No other elements within the table need classes or inline styles. */
.myTable{
max-width: 100%;
margin: 15px auto;
border-collapse: collapse;
border: 1px solid #0087a5;
}
/* This affects all table cells. The...
Purchasing property always gives you total control over that property and its land… or does it? In reality, there are different types of ownership for single-family homes, commercial properties, and shared properties like townhomes or condos. Properties are owned with either fee simple ownership or leasehold ownership contracts. Today, let’s break down fee simple vs. leasehold ownership in detail and look at their key differences. What is Fee Simple Ownership? Fee simple ownership is the mos...
Purchasing property always gives you total control over that property and its land… or does it? In reality, there are different types of ownership for single-family homes, commercial properties, and shared properties like townhomes or condos. Properties are owned with either fee simple ownership or leasehold ownership contracts. Today, let’s break down fee simple vs. leasehold ownership in detail and look at their key differences. What is Fee Simple Ownership? Fee simple ownership is the mos...
Raleigh Homes & Real Estate
Leslie Ward
Realtor®
Luis Santana
Realtor®
Apartment living is one of the most popular housing options in the United States. In fact, nearly 39 million Americans live in an apartment complex. Living in an apartment or condo building is a great choice — it saves space in cities so more people can enjoy all the benefits of a metropolitan community like Raleigh.
But while the terms are sometimes used ...
Raleigh Homes & Real Estate
Leslie Ward
Realtor®
Luis Santana
Realtor®
Apartment living is one of the most popular housing options in the United States. In fact, nearly 39 million Americans live in an apartment complex. Living in an apartment or condo building is a great choice — it saves space in cities so more people can enjoy all the benefits of a metropolitan community like Raleigh.
But while the terms are sometimes used ...
In the aftermath of the pandemic, many organizations are re-evaluating the amount of available workspace in their leases, whether for space management or financial reasons. This requires real estate accountants to modify leases properly and stay compliant with GAAP and lease accounting processes. What is a modification of a lease under GAAP? Any changes to … Continued
The post Key accounting factors to consider when making lease modifications appeared first on MRI Software.
In the aftermath of the pandemic, many organizations are re-evaluating the amount of available workspace in their leases, whether for space management or financial reasons. This requires real estate accountants to modify leases properly and stay compliant with GAAP and lease accounting processes. What is a modification of a lease under GAAP? Any changes to … Continued
The post Key accounting factors to consider when making lease modifications appeared first on MRI Software.
Usually, a lease demands an oral or written agreement between two parties, the landlord and the tenant. The tenant has the right to use the property in any way they like, as outlined in the lease agreement. The agreement provides a space for a specific time frame for a payable rent, and it gives the tenant exclusive occupation. A lease cannot be easily terminated until it expires (unless there is a break clause). Leases are a good transition to a longer-term solution. A license does not alw...
Usually, a lease demands an oral or written agreement between two parties, the landlord and the tenant. The tenant has the right to use the property in any way they like, as outlined in the lease agreement. The agreement provides a space for a specific time frame for a payable rent, and it gives the tenant exclusive occupation. A lease cannot be easily terminated until it expires (unless there is a break clause). Leases are a good transition to a longer-term solution. A license does not alw...
Deciding between a home equity loan vs. refinance? Both options give homeowners the chance to access their home’s valuable equity with the flexibility to use that cash however they please. Additionally, refinancing allows homeowners to lock in a lower interest rate or change the length of their loan term. If you’re trying to figure out... View Article
Deciding between a home equity loan vs. refinance? Both options give homeowners the chance to access their home’s valuable equity with the flexibility to use that cash however they please. Additionally, refinancing allows homeowners to lock in a lower interest rate or change the length of their loan term. If you’re trying to figure out... View Article
Deciding between a home equity loan vs. refinance? Both options give homeowners the chance to access their home’s valuable equity with the flexibility to use that cash however they please. Additionally, refinancing allows homeowners to lock in a lower interest rate or change the length of their loan term. If you’re trying to figure out... View Article
Deciding between a home equity loan vs. refinance? Both options give homeowners the chance to access their home’s valuable equity with the flexibility to use that cash however they please. Additionally, refinancing allows homeowners to lock in a lower interest rate or change the length of their loan term. If you’re trying to figure out... View Article