Category Archives: ROU Asset

Summary of the Lease Accounting Rules

The following is a summary of the proposed new lease accounting rules. About LeaseQuery LeaseQuery is Lease Accounting Software that helps companies manage their lease portfolio in the cloud. Simply put, it is the easiest, simplest, lease accounting software in … Continue reading

Posted in Lease Accounting, Lease Liability, ROU Asset, Type A Lease, Type B Lease | Tagged , , , , , , | Leave a comment

2013 Lease Exposure Draft: Type A Leases

In this post I will explain Type A leases in detail from the lessee perspective. We will discuss how to calculate the initial and subsequent values of the lease liability and the initial and subsequent values of the Right of … Continue reading

Posted in Approach 1, Lease Liability, New Lease Accounting Rules, Present Value of Minimum Lease Payments, ROU Asset, Type A Lease | Tagged | Leave a comment

2013 Lease Accounting Exposure Draft

In May 2013, the FASB and IASB released an Exposure Draft proposing a new approach to lease accounting. The proposed accounting rules will require recognition of all leased assets as “Right of Use” assets (ROU assets), and recognition of a lease … Continue reading

Posted in Lease Accounting, Lease Liability, ROU Asset, Type A Lease, Type B Lease | Tagged , , , | 1 Comment

It’s Finally Here…

Post by George Azih: The long awaited Exposure Draft on Lease Accounting was issued this morning (May 16th) by the FASB and IASB. It is 343 pages long, so I’ve got a lot of reading ahead of me. You can … Continue reading

Posted in Approach 1, Approach 2, Lease Accounting, New Lease Accounting Rules, ROU Asset | 2 Comments

Using Excel to Calculate the Inital Lease Liability (and ROU Asset) and to create the Accretion Table

In this blog post, I’d like to show you how to create the amortization schedule for the Lease Liability using excel. As noted in a previous post, you are going to need to prepare this amortization schedule under both the … Continue reading

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