Lease accounting, explained
Practical, worked guides on ASC 842 and IFRS 16 — lease classification, measuring the right-of-use asset and lease liability, and the journal entries behind them. Every article cites the standard.
Is a Lease an Asset or a Liability? ASC 842 and IFRS 16
A lease is both: under ASC 842 and IFRS 16 the lessee books a right-of-use asset and a lease liability. Here is why, with a worked example.
Tenant Improvement Allowance ASC 842: Lessee Guide
How ASC 842 treats a tenant improvement allowance: it reduces the right-of-use asset as a lease incentive, and ownership and timing change the entry.
Best Lease Accounting Software in 2026: 8 Compared
Compare the best lease accounting software for 2026 across standards support, buying model, pricing, exports and API access.
IASB's IFRS 16 Review: What's Changing in 2026
Read what the IFRS 16 post-implementation review says in 2026, including confirmed findings and the rent-concessions follow-up.
Real ASC 842 Restatements From 2025–2026: Lessons
Two SEC filings show why ASC 842 restatements happen and the controls finance teams can use to prevent similar lease errors.
5 LeaseQuery Alternatives to Consider in 2026
Compare LeaseQuery alternatives by support, buying model, pricing and API access, including self-serve and enterprise options.
Visual Lease Alternatives: What to Weigh Before Switching
Compare Visual Lease alternatives for real estate and government portfolios, from self-serve tools to enterprise platforms.
ASC 842 Disclosure Requirements: A Checklist With Examples
Use this ASC 842 disclosure requirements checklist, with a worked maturity analysis and guidance on weighted-average lease metrics.
Free Lease Amortization Schedule Template (Build Your Own)
Build a lease amortization schedule in Excel with exact columns, formulas and a worked example that reconciles to zero.
Sale-Leaseback Accounting Under ASC 842: Worked Example
Understand sale leaseback accounting under ASC 842: the control test, gain recognition, off-market adjustments and a worked example.
Lease Modification Accounting Under ASC 842
Learn ASC 842 lease modification accounting: the separate-contract test, remeasurement mechanics and practical examples.
GASB 87 Explained: Lease Accounting for Governments
A clear guide to GASB 87 for governments: scope, the single lease model, the short-term exemption and the ASC 842 differences.
Embedded Leases: How to Spot One in a Contract
Find embedded leases in service, supply and hosting contracts with the identified-asset and control tests from ASC 842 and IFRS 16.
Incremental Borrowing Rate Under ASC 842: Set It Right
Set an incremental borrowing rate under ASC 842 with a practical method, key inputs and the private-company risk-free election.
IFRS 16 vs ASC 842: 7 Key Differences to Know
Compare IFRS 16 vs ASC 842: classification, expense, exemptions and disclosures, with the seven differences finance teams need.
What Is ASC 842? A Complete Guide to Lease Accounting
Learn what ASC 842 requires, who it affects and how right-of-use assets and lease liabilities work. Read the practical guide.
What Is a Right-of-Use Asset? ASC 842 Explained
What a right-of-use asset represents, how it is measured and where it sits on the balance sheet under modern lease accounting.
ASC 842 journal entries: a worked example
The exact journal entries a lessee posts under ASC 842 for operating and finance leases, with numbers, so each side balances.
How to calculate the right-of-use asset and lease liability under ASC 842
How to measure the ASC 842 lease liability as the present value of lease payments, then build the right-of-use asset from it, with a worked example.
Operating vs finance lease under ASC 842: how to tell the difference
How ASC 842 sorts a lease as operating or finance: the five criteria, their citations, and why it changes expense, not balance sheet placement.