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.
ASC 842 journal entries: a worked example
The exact journal entries a lessee posts under ASC 842 — the commencement entry and the periodic entries for both operating and finance leases — walked through with numbers so each side balances.
How to calculate the right-of-use asset and lease liability under ASC 842
Step by step: how to measure the lease liability as the present value of lease payments, and how to build the right-of-use asset from it — with the ASC 842 citations and a fully worked example.
Operating vs finance lease under ASC 842: how to tell the difference
A clear, worked explanation of how ASC 842 classifies a lease as operating or finance — the five criteria, the citations behind each, and why the classification changes your expense pattern but not whether the lease is on the balance sheet.