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Lease Accounting

Lease Accounting

Learn how to power your compliance with the lease accounting standards with Occupier.

Understanding ASC 842, IFRS16, GASB87 and FRS102

What are the types of Lease Remeasurements?

Does Occupier handle Lessor Accounting?

What are journal entries?

What is an Operating Lease?

What is a Finance Lease?

What is a Short Term Lease?

What Does Reasonably Certain Mean?

Do you have any additional resources to help us get compliant with ASC 842?

What are the Foreign Currency Considerations in ASC 842?

Do you have a Glossary of ASC 842 Key Terms?

What is ASC 842?

What is IFRS 16?

What is the Balance Sheet Impact of ASC 842?

What is the Income Statement Impact of ASC 842?

How Should I Assess Materiality for a Lease Portfolio?

Steps to Identify a Lease

How to Determine Lease Term

How to Calculate Lease Consideration

How to Perform the Lease Classification Test

What is the Calculation for the Initial Recognition of Lease ROU Asset and Liability?

What is the Calculation to Subsequently Measure Operating Leases?

What is the Calculation to Subsequently Measure Finance Leases?

When Should I Remeasure a Lease?

What is the Difference in Accounting for a Full and Partial Lease Termination?

What is the Difference Between a Lease Modification and a Lease Termination?

How do I Determine if a Lease is a Modification or a New Lease Contract?

ASC 840 to 842 Lessee Transition Options

How to Identify Embedded Leases

How do I determine Class of Underlying Assets under ASC 842?

ASC 842 Implementation Date Practical Expedients

Impact of ASC 842 on Debt Covenants and Bank Capital Requirements

How does Foreign Currency Impact ASC 842?

Steps to Complete Initial Lease Measurement under ASC 842/IFS 16?

What is the Discount Rate? How do I determine what Discount Rate is appropriate?

What do Foreign Currency (FX) Terms Mean?

What is FRS 102?

What is GASB 87?

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Account Set-up

How do I add/change Legal Entities in Occupier?

How do I add my Chart of Accounts into Occupier?

What is a Legal Entity?

What is a Parent Entity?

What does Consolidate mean?

What is a Subsidiary (or Child Entity)?

How do I input my Discount Rate(s) into Occupier?

What is a Fiscal Calendar?

How to review your Legal Entity set up using Lease Administration

How to review lease administration inputs to ensure accurate accounting

What date do I consider when determining my Discount Rate?

What are Account Segments?

How do I add Account Segments in Occupier?

How do I change my Parent Entity?

How do I change which Legal Entity a lease is assigned to?

How do I delete/remove a lease from Occupier Lease Accounting?

I am a private company...how do I know when my transition date should be?

What is a Chart of Accounts?

When do I need to update my Discount Rate?

What is a Reporting Entity?

How do I apply my asset classes in Occupier?

What are asset classes?

How do I update the lease accounting standards?

How do I change my Fiscal Calendar in Occupier?

How do I change the GL accounts or segments configured to a lease?

How to edit account configurations?

What is an Account Type?

How to Change Account Type?

How do I configure my new legal entity?

How do I edit or add a GL Account in Settings?

How do I edit a segment?

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FX Rates

How do I Utilize FX in Occupier?

How Do I Add FX rates to Leases?

Recognizing a Lease

How do I recognize a lease?

How do I approve and Recognize a Lease?

What does it mean when a lease is recognized?

How do I classify my lease(s)?

How do I input my Deferred Rent into Occupier?

Do I enter in Deferred Rent as a + (Positive) or - (Negative) balance?

What is Deferred Rent?

Do I have to go back and re-account for Initial Direct Costs on leases that existed prior to my transition to ASC 842/IFRS 16?

What is an Initial Direct Cost?

What is a Lease Incentive?

How do I input Lease Payments into Occupier?

Why is my possession date and measurement date different?

I made a update in Lease admin, why hasn't accounting changed the measurement?

How do I enter a Sublease in Accounting?

How do I set up my Accounts Configuration for my Lease?

How can I see how a lease measurement was completed?

How do I utilize the Measurements screen?

Why doesn't my ROU Asset = Lease Liability?

What does each Account Configuration mean?

Do I have to populate every Account Configuration even if it does not apply to my lease portfolio?

Where can I view the comments tagged to a lease?

What are Comments in Occupier and how can they be used?

Do I have to go back and re-consider how I classified my leases under ASC 840 (the old leasing standard)?

Where do I classify my lease(s) in Occupier?

What is Lease Classification?

How do I input the Discount Rate into Occupier?

How do I know what amount of Deferred Rent to input into Occupier?

How do I input Initial Direct Costs into Occupier?

What balance of my Lease Incentives do I input into Occupier?

How do I input Lease Incentives into Occupier's Accounting Module?

What is included as a Lease Payment?

What is a Lease Payment?

Can anyone approve a lease?

Do I need to complete all leases within my Lease Status page?

Why are some of my leases duplicated and belong to two Legal Entities?

What if I don't see any leases on my Lease Status page? Or what if I notice one of my leases is missing?

How do I view the Lease Status Page in Occupier?

How do I change my adoption date?

How can I change my possession date and/or expiration date?

When does my Lease Term start?

Where/how do I input the Lease Term in Occupier?

How do I calculate my Lease Term?

What is a Lease term?

What is the Lease Status Page?

What is prepaid rent?

What is the significance of the Details screen?

What is the significance of the History screen?

How to enter in multiple prepaid for non-consecutive months in Occupier?

How to populate Account Configuration using "Copy from" function?

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Impairing a Lease

What is an impairment?

How do I impair a lease within Occupier?

Lease Modifications

How to handle Lease Terminations in Occupier?

How to account for lease terminations?

What are lease terminations?

What are lease modifications?

How to handle a Lease Modification

How do I delete a lease measurement?

Where/how do I change a "Pending Approval" or "Pending Changes" measurement in Occupier?

When would I need to reassess a lease classification?

How do I reassess a lease classification?

Missing Information Accounting Error Message

How to account for Lease Incentives received in Occupier?

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Lease Accounting Reporting

What is a trial balance?

How can I export my trial balances?

Why doesn't my Trial Balance report balances agree to my ERP balances?

What should I do if my Trial Balance does not agree to Lease Amortization Schedule?

How do I utilize the Journal Entries module?

What is Closing the Books?

How do I close the books using Occupier?

What are disclosure reports?

How do I run my disclosures using Occupier?

What are the tabs included in the disclosures export?

Why are some tabs blank in my disclosures report?

What are amortization schedules?

Where can I find my Amortization Schedules?

Why is my amortization schedule "Not balanced"?

How can I export my Amortization Schedule?

How can I export my journal entries?

How can I filter my journal entries?

How can I configure the Journal Entries report?

How can I change the format of the Journal Entry download?

What is a Roll Forward report?

How do I generate a Roll Forward Report in Occupier?

Is it possible to download all lease amortization schedules?

What is the Measurements report and how do I use it?

Preparing for your Audit

What does Asset Type Mean in Reports?

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Importing Data Into Accounting

How do I import Discount Rates?

How do I import data into Accounting?

How do I import GL Accounts?

How do I import FX Rates?

How do I import Segments?

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Allocations

What are Allocations?

How do I setup an Allocation for my lease?

Close Books Process

How do I close an accounting period?

How do I open a closed accounting period?

NetSuite Journal Entry Integrations

How do I fix Journal Entry Integration errors?

How do I Connect Occupier to NetSuite?

How do I use the Journal Entry Integration for NetSuite?