Category Archives: Type A Lease

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

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FASB and IASB Lease Accounting “Divergence.”

FASB/IASB lease accounting “Divergence.”  Far from converging, the FASB and IASB have decided to take different routes concerning lease accounting. While both boards decided to capitalize all leases on the balance sheet, the FASB decided to allow companies to use … Continue reading

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New Lease Accounting Considerations – Type A and Type B Leases

In their continuing deliberations, the accounting boards are now considering three different approaches to lease accounting. The first approach would basically retain the Type A–Type B model as proposed in the Exposure Draft – Type A for leases of personal … Continue reading

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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