Lease Accounting
On the balance sheet under IFRS 16 and ASC 842 — which give different answers for the same lease, and a group reporting both needs both.
18 steps · 10 questions · 7 screens on this shelf
The screens on this shelf
Records
Leases
IFRS 16 and ASC 842 give different answers for the same lease, and a group reporting both needs both. The classification is applied rather than typed.
Open
Records
Lease Components
Three floors and eight parking spaces on one contract. The consideration is allocated across them at relative standalone price — the same problem IFRS 15 has, from the other side.
Open
View
Lease Schedule
The whole of the arithmetic: what was paid, how much was interest, how much reduced the liability, and what the asset was depreciated by. Versioned, because a remeasurement supersedes rather than rewrites.
Open
View
Lease Events
What changed, when, and by how much. A remeasurement is an event in its own right and the difference it makes to the liability is a disclosed number.
Open
View
Lease Runs
The period’s interest, right-of-use depreciation and payments, posted.
Open
Records
Lease Charges
The charges that are not the rent: service charge, tax, insurance, marketing levy, parking. Each with its own basis, frequency and account.
Open
View
Lease Maturity
What is payable in each of the next five years and thereafter, undiscounted. A required disclosure, and the table a treasurer reads to see the commitment.
Open
Progress is kept in this browser only — it is not sent anywhere and nobody else can see it.